Ethereum breaks through the $3,000 resistance, fueled by record-breaking ETF inflows and strong technical support.
Ethereum recently surged past the $3,000 mark, backed by record spot ETF inflows and solid investor confidence. As ETH gains bullish traction, traders are eyeing whether this level will hold as new support.
This breakthrough coincided with record-breaking positive flows in Ethereum’s spot ETF, marking a new phase of bullish momentum.ETF flow analysis for the past week revealed a net inflow of $154.66 million. This set a new high for weekly positive flows.The largest weekly net flow for Ethereum’s ETF occurred during its launch week, with a negative flow of $341.35 million.
This surge in institutional support has helped ETH break past the $3,000 barrier, bolstering its upward momentum.surged to $3,027.90, experiencing a strong bullish breakout. It has driven well above both its 50-day and 200-day Moving Averages. A pullback to test support at the 200-day MA may also be likely, providing a potential entry point for traders watching this trend closely.
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