Investments in Ethereum ETFs are rising, confirmed by the influx of capital. Concurrently, there is an increase in network activity, indicating growing demand. ETH price remains stable, but analysts predict a possible breakout.
Institutional Inflows into Ethereum ETFs
Ethereum ETFs have been attracting capital, with over $500 million added from June 10 to June 12. Leading issuers such as BlackRock, Fidelity, and Grayscale contributed significant volumes across their respective funds. This inflow momentum continued into June 18 with an additional $19.1 million net addition. The cumulative effect has lifted ETF inflow volume to $1.25 billion over 19 consecutive days. This sustained activity reflects growing confidence among institutional players, although the spot price has not yet responded strongly.
Ethereum Network Activity Confirms Strengthening Fundamentals
Alongside ETF growth, Ethereum’s network usage is rising, with the 7-day average daily transactions reaching 1.38 million. This trend began in early May and reflects increasing utility across DeFi, NFTs, and other applications. More usage suggests stronger fee generation and higher demand for blockspace. Ethereum continues to sustain its dominance across DeFi protocols, reinforcing its long-term utility narrative.
Price Action Consolidates with Breakout Expectations
At press time, Ethereum trades around $2,524, consolidating within a well-defined horizontal range. Analysts expect a breakout toward $2,695 to signal a strong upside continuation. The technical structure shows repeated rebounds from the $2,408 level, reinforcing support. The ETH/BTC pair remains stable after Ethereum outperformed Bitcoin by 50% in a recent move.
The growth of institutional inflows into Ethereum, the increase in network activity, and the stable price structure create conditions for a potential breakout. Together, these factors indicate a positive sentiment in the Ethereum market.
