Currently trading near $4,380, Ethereum (ETH) recently broke above the $4,400 resistance level, a move that has fueled renewed optimism among investors despite a minor pullback.
The boost occurred as crypto ETF inflows increased, institutional interest grew, and market sentiment suggested a potential prolonged bullish trend. However, questions remain about whether ETH can maintain momentum above $4,300 without facing short-term corrections.
ETF Inflows and Institutional Demand Fuel Ethereum’s Rally
The recent surge coincides with a wave of capital flowing into Ethereum-focused exchange-traded funds. According to SoSoValue , ETH spot ETFs saw over $80 million in net inflows, continuing their winning streak for three consecutive days.
This momentum shows Ethereum’s increasing appeal as