Ethereum gains strength with record ETF inflows and staking metrics, hinting at a possible price breakout.
- Spot Ethereum ETFs brought in $861.3 million in just two weeks.
- Total staked ETH is now above 35 million, a new record.
- ETH price may rise to $4,100 if it breaks key resistance.
ETF Inflows Show Strong Institutional Interest
Over the last two weeks, spot Ethereum exchange-traded funds (ETFs) saw net inflows of $861.3 million. This large amount of capital shows that big investors are confident in Ethereum’s future. The trend briefly paused on June 13 but picked back up with $19 million in inflows just on June 19 alone. This marks the biggest surge in ETF investments since January 2025.
Number of Staked Ether Reaches All-Time High
Between June 1 and June 15, over 500,000 ETH was added to staking. The total amount of staked ETH now exceeds 35 million. Staking reduces the amount of ETH available for trading, which can help drive the price up when demand increases. Analysts also point out that more people are putting ETH into long-term holding wallets that have never sold. These wallets now hold about 22.8 million ETH, worth around $58 billion.
Price Resistance Could Trigger Breakout
Ethereum recently hit $2,880, a four-month high, before falling back to $2,550. A major resistance remains at $2,800. Analysts say if the price breaks and holds above this level, it might quickly climb to around $4,100. This is based on a common chart pattern called a bull flag that often signals a strong upward move.
Key Signal Comes From the 200-Day Trendline
Currently, Ethereum is trading between the 200-day simple moving average (SMA) at $2,600 (resistance) and the 50-day SMA at $2,450 (support). Analysts agree that reclaiming the 200-day SMA is important for seeing higher gains. In past cases, breaking above this level led to large price jumps, including a 40% rise in late 2024. If the same happens now, ETH could soon test its previous highs or go beyond.
Source: cointelegraph.com
