In recent days, activity in Ethereum markets has surged, confirmed by open interest on Binance and record ETF inflows.
Surge in Open Interest and Its Significance
Open interest in Ethereum on Binance reached $10,351,799,155, close to historical highs despite a 2.32% daily drop. This suggests that trader interest remains strong despite price fluctuations.
Record ETF Inflows
On August 11, 2025, Ethereum ETFs saw a record $1.0188 billion in inflows, primarily driven by BlackRock and Fidelity. BlackRock's ETHA attracted $639.8 million, while Fidelity's FETH garnered $276.9 million. This increase in inflows may be attributed to growing institutional confidence.
Ethereum Prices Remain Resilient
Ethereum is currently priced at $4,207, a 1.02% decline from a recent high of $4,347. The price remains above the 20-day moving average and the upper Bollinger Band, indicating strong bullish momentum. However, there are signs of saturation, as the RSI stands at 70.57.
Thus, despite recent price fluctuations, Ethereum continues to demonstrate high interest from traders and institutional investors, potentially paving the way for further growth.
