Ethereum Current Price: $2,630
- Ethereum investment products recorded net inflows for the 7th consecutive week, totaling $296.4 million.
- Growing stablecoin adoption is reshaping institutional narratives around public blockchains, boosting interest in Ethereum ETFs.
- Invesco filed with the SEC to allow staking in its Ethereum ETF, with approval potentially accelerating inflows.
- ETH retests ascending trendline resistance after failing to break through three times.
Ethereum (ETH) investment products maintained their inflow momentum last week, driven by shifting public blockchain narratives and high anticipation for SEC approval of staking in ETH ETFs.
Ethereum ETFs Gain Momentum Amid Evolving Blockchain Narratives
Global Ethereum-related products saw continued inflows last week, adding $296.4 million (per CoinShares). This marks the 7th straight week of inflows, totaling $1.5 billion.
"This represents the strongest inflows since the U.S. elections last November, signaling a significant recovery in investor sentiment," noted James Butterfill, CoinShares' Head of Research.
U.S. spot Ethereum ETFs—led by BlackRock's iShares Ethereum Trust (ETHA)—accounted for most inflows ($281.3 million), extending their inflow streak to 15 days.
Bernstein analyst Gautam Chhugani attributes ETH ETF demand to growing focus on stablecoins and tokenization by U.S. lawmakers and fintech giants like Visa, Mastercard, and Stripe.
In a recent investor note, analysts highlighted how stablecoin-based payments are reshaping perceptions of public blockchains like Ethereum:
"Investors often claim 'crypto is useless, but blockchain is valuable.' These aren't separate narratives. If you believe in stablecoin payment innovation, why wouldn't Ethereum—which processes these transactions—hold value? Companies pay ETH network fees for stablecoin transactions. Utility and value accumulation are now clear."
This shift coincides with the U.S. Senate preparing to vote on the GENIUS Act, which proposes stablecoin regulations.
ETH ETF inflows may also reflect optimism about SEC approval for staking in spot ETH ETFs, especially after the agency's May 29 statement suggesting some staking activities fall outside securities laws.
👉 Key developments in Ethereum staking
On Monday, Cboe BZX filed to allow staking in Invesco Galaxy’s Ethereum ETF, joining Fidelity, Grayscale, Bitwise, and 21Shares in awaiting SEC decisions.
Meanwhile, the Ethereum Foundation (EF) is restructuring, establishing new financial policy and protocol research teams.
Ethereum Price Forecast: ETH Retests Key Resistance
Ethereum futures saw $21.4 million in liquidations over 24 hours (per Coinglass), with $300K long and $21.07 million short positions liquidated.
After three rejections, ETH is retesting its ascending trendline resistance. A sustained break above this level could propel ETH toward the $2,750–$2,850 resistance zone. The 200-day SMA (currently at $2,700) remains a dynamic resistance barrier since May 13—breaching it is critical for a bullish reversal.
Key Levels to Watch:
- Resistance: $2,750–$2,850 (200-day SMA)
- Support: $2,400 (short-term), $2,250–$2,100 (50-day SMA)
The RSI hovers above neutral, testing its moving average, while the Stochastic Oscillator rises toward midline. Crosses above these levels could reinforce bullish momentum.
FAQs
Why are Ethereum ETFs gaining inflows?
Growing institutional interest in stablecoins and tokenization is driving demand for ETH exposure, alongside optimism about staking approvals.
What’s the significance of ETH staking in ETFs?
Staking could offer yield-generating exposure, making ETH ETFs more attractive versus passive holdings.
How might the GENIUS Act impact Ethereum?
Stablecoin regulation could legitimize Ethereum’s role in payments, reinforcing its utility and long-term value.
👉 Explore Ethereum investment strategies
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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