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Ethereum Tops $2,600 as Weekly Inflows Hit Highest Since February

Fund inflows at their highest since February have strengthened bullish sentiment in Ethereum markets despite escalating Middle East tensions

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Overview

  • Ethereum’s price climbed above $2,600 on Monday, delivering a 3.7% gain over the previous 24 hours and peaking near $2,636.76.
  • CoinShares data show $583 million poured into Ethereum investment products last week, marking the largest weekly inflow since February.
  • CoinGlass reports that open interest in ETH futures has reached about $36.32 billion, signaling heightened activity from sophisticated investors.
  • Global cryptocurrency market capitalization rose to $3.28 trillion following a 0.24% increase in the past 24 hours.
  • Analysts forecast a potential test of the $2,400 region before Ethereum resumes its upward trajectory.