Ether (ETH) traded at $3,310, up 11% year-to-date, as renewed ETF buying and record-breaking on-chain activity put it on a path toward $4,500 over the subsequent few weeks.
Key Takeaways:
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Spot Ethereum ETFs recorded $474.6 million in inflows over 4 days, outpacing recent supply amid a surge in institutional buying.
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Ethereum network activity exploded and energetic addresses rose to a 28-month high.
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Traders expect ETH to rise to $4,500 so long as key support levels hold.
Ethereum ETFs Attract Nearly $500 Million
Ether has seen a pointy increase in demand from institutional investors, who’ve recently increased their ETH exposure through spot Ethereum exchange-traded funds (ETFs).
Data from Farside Investors shows that US-based spot Ethereum ETFs saw inflows totaling $474.6 million for 4 consecutive days.
The $175.1 million recorded on Wednesday was essentially the most since December 9, 2025 and marked the biggest single-day inflows in 2026.
Table of spot Ethereum ETF flows. Source: Farside Investors
According to data from Capriole Investments, day by day institutional purchases, including DATs and ETFs, also increased to net purchases of 6,964 ETH per day.
Ethereum: Daily rate of institutional purchases. Source: Capriole Investments
Although monthly and weekly volumes for Ethereum treasury firms proceed to say no, there are some energetic players, resembling Bitmine led by Wall Street strategist Tom Lee, that proceed so as to add ETH.
While inflows have attracted attention this week, a return to stable institutional demand is essential for a sustained recovery in ETH price.
Ethereum network activity “explodes”
Ethereum network activity continues to point out strength, with energetic addresses up 53% over the past 30 days, reaching a 28-month high of 995,779 on Thursday, in accordance with Nansen data.
Daily energetic addresses on Ethereum. Source: Nansen
The last time Ethereum's day by day activity addresses reached these levels was on September 13, 2023, when the metric rose to around 1.09 million – the second highest value within the network's history, trailing only a peak of around 1.4 million in December 2022.
The day by day transaction count also hit a record high of two.9 million on Friday, in accordance with data from DefiLlama.
Ethereum DEX volume and app fees. Source: DefiLlama
“Daily Ethereum transactions are exploding,” YouTuber CryptoRover said in an X post on Friday, reacting to the network’s milestone.
“Ethereum has reached a brand new high with 2.6 million day by day transactions and gas fees are below $0.01!!!,” said fellow analyst FenoXBT, adding:
“This is what real scaling looks like.”
Analysts say Ether price is “rising”
At the time of writing, ETH was trading at $3,300, up 7.3% over the past seven days.
As Cointelegraph reported, holding above the $3,050-$3,170 demand zone is crucial to ETH's upside prospects and sets the stage for a possible rally above $4,000.
The 50-week exponential moving average lies inside this zone and a weekly close above this trendline was essential to secure the bullish weekly structure, in accordance with trader Coinvo Trading.
“Weekly structure stays intact, ETH is rising.” 
Source: Coinvo Trading
According to Crypto Rover, ETH is able to explode because it shows strength after breaking out of a symmetrical triangle. The goal of this triangle pattern on the day by day chart is $4,500, in accordance with data from TradingView.
However, Crypto Rover has released a chart that implies an prolonged rally to $5,500 based on Fibonacci retracement evaluation, as shown below.
ETH/USD day by day chart. Source: Crypto Rover
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