Ethereum Holds $2,400 as ETF Inflows Reach $1 Billion and Corporate Buying Emerges

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Summary · why it matters

As Bitcoin fell 1.9% on rising U.S. Treasury yields, Ethereum declined only 1.6%, maintaining a level above $2,400. U.S. spot Ethereum ETFs saw inflows totaling approximately $1 billion over nine consecutive trading days, and Bitmain Immersion Technologies purchased an additional 32,447 ETH. While the amount of ETH waiting to enter staking increased by 1.28%, traders in prediction markets still hold positions anticipating further price declines. ETF inflows and Bitmain's buying have supported the market, keeping ETH above $2,400.

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Ethereum
ETH-USD
▲ PositiveDemandrelevance

ETF inflows of $1 billion and Bitmain's buying support Ethereum's price.

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