Ethereum ETF Inflows Surge to 10-Month High as Whales Divide Over $2,400 Breakout
US spot Ethereum ETFs scored $220 million in single-day inflows as ETH surged 29% past $2,400. Massive exchange withdrawals signal accumulation, but heavy profit-taking from key whales shows mixed conviction at multi-month highs.
Ethereum cleared $2,430 on a fierce 29% weekly surge propelled by aggressive spot ETF buying and massive exchange outflows. US spot funds absorbed $220 million in a single session, capping a four-day buying streak that pumped more than $512 million into institutional products.
Deep-pocketed players are locking in contrasting moves on-chain. Whales yanked over 50,000 ETH off Binance in recent days, extending a multi-week drain on exchange reserves. Accumulators are clearing supply off order books, but counter-parties are capitalizing on the liquidity bump to cash out into stablecoins.
Early buyers and prominent wallets offloaded tens of millions in spot ETH and stETH into Tether as prices touched four-month highs. With total ETF assets topping $13.5 billion, institutional flow is providing heavy baseline bid support, even as smart money remains split on whether this momentum can sustain past current resistance.