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Ethereum Surges Past $4,300 on Record ETF Inflows, Faces $4,400 Resistance

Institutional demand from record spot ETF inflows has drained exchange reserves to multi-year lows, lifting Ethereum to its highest level since 2021

Overview

  • Spot Ethereum ETFs attracted daily inflows exceeding $460 million, underscoring robust institutional interest.
  • Corporate treasuries such as SharpLink Gaming and Fundamental Global have launched major ETH acquisitions to diversify their reserves.
  • On-chain metrics show sustained net outflows from exchanges, pushing ETH balances on trading platforms to their lowest levels since 2022.
  • Bitcoin’s market dominance has dipped below 60 percent as Ethereum’s share rises, reflecting a rotation of capital into altcoins.
  • Technical indicators highlight resistance at $4,400 along with overbought signals, prompting analysts to eye a near-term rally toward $4,800 and longer-term highs near $12,000 with heightened volatility risk.