Overview
- U.S. Producer Price Index readings above expectations and comments from Treasury Secretary Scott Bessent triggered roughly $0.9–1.0 billion in crypto liquidations, spurring a short-lived ETH drop to the mid-$4,600s.
- U.S. spot Ethereum ETFs saw single-day inflows near $1 billion and weekly inflows totalled billions, highlighting significant institutional and retail channeling into tracked products.
- Tradable ETH supply tightened as exchange reserves dipped to approximately 18.5 million—its lowest in nine years—and staked ETH climbed to record levels, reducing available market liquidity.
- Blockchain intelligence data identified a whale withdrawal of 60,000 ETH from Coinbase Prime that was immediately staked, signaling a shift toward long-term holding strategies despite elevated price swings.
- Technical indicators place key resistance at $4,870–$4,900 while analysts forecast year-end targets ranging from $6,000 to $15,000 should ETF flows and demand trends continue.