Ethereum ETF buying outpaces new supply: Will it push ETH price to $4.5K?

3 hours ago

Ether (ETH) traded astatine $3,310, up 11% year-to-date, arsenic renewed ETF buying and grounds on-chain enactment placed it connected a way toward $4,500 implicit the adjacent fewer weeks.

Key takeaways:

Spot Ethereum ETFs recorded $474.6 cardinal successful inflows implicit 4 days, outpacing caller proviso amid a surge successful organization buying.
Ethereum web enactment exploded, with progressive addresses rising to a 28-month high.
Traders expect ETH to rally to $4,500 arsenic agelong arsenic cardinal enactment levels hold.

Ethereum ETFs pull astir $500 million

Ether has seen a crisp summation successful request from organization investors that person precocious accrued their ETH vulnerability done spot Ethereum exchange-traded funds (ETFs).

Data from Farside Investors reveals that US-based spot Ethereum ETFs person recorded inflows implicit 4 consecutive days, totaling $474.6 million.

The $175.1 cardinal recorded connected Wednesday was the highest since Dec. 9, 2025, and marked the largest single-day inflows of 2026.

Daily organization buying, including some DATs and ETFs, has besides risen to nett buying of 6,964 ETH per day, according to information from Capriole Investments.

Although monthly and play volumes proceed to diminution for Ethereum treasury companies, determination are a fewer progressive players, specified arsenic Bitmine, led by Wall Street strategist Tom Lee, which continue to adhd ETH.

While inflows person grabbed attraction this week, a instrumentality to dependable organization request is indispensable for a sustained ETH terms recovery.

Ethereum’s web enactment is “exploding”

Ethereum’s web enactment continues to amusement strength, with progressive addresses expanding by 53% implicit the past 30 days, reaching a 28-month precocious of 995,779 connected Jan. 15, according to Nansen data.

The past clip Ethereum’s regular enactment addresses saw these levels was connected Sept. 13, 2023, erstwhile the metric surged to astir 1.09 million — the second-highest level successful the network's history, lone down a highest of astir 1.4 cardinal successful December 2022.

The regular transaction number has besides reached a grounds precocious of 2.9 cardinal connected Jan. 16, according to information from DefiLlama.

“Daily Ethereum transactions are exploding,” said YouTuber CryptoRover successful an X station connected Friday, reacting to the network’s milestone.

“Ethereum smashed a caller ATH with 2.6M regular transactions and state fees are beneath $0.01!!!,” chap expert FenoXBT said, adding:

“This is what existent scaling looks like.”

Analysts accidental Ether’s terms is “going higher”

At the clip of writing, ETH was trading astatine $3,300, up 7.3% implicit the past 7 days.

As Cointelegraph reported, holding supra the $3,050-3,170 request portion is important to ETH’s upside prospects and sets the signifier for a imaginable rally supra $4,000.

The 50-week exponential moving mean sits wrong this zone, and a play adjacent supra this trendline was indispensable to unafraid the bullish play structure, according to trader Coinvo Trading.

“The play operation stays intact, ETH is going higher.”

According to Crypto Rover, ETH is acceptable to detonate arsenic it shows spot aft breaking retired of a symmetrical triangle. The people of this triangle signifier connected the regular illustration is $4,500, according to information from TradingView.

However, Crypto Rover shared a illustration suggesting that an extended rally to $5,500, based connected Fibonacci retracement analysis, arsenic shown below.

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