Ethereum Jumps 11% on Record ETF Inflows and Strong On‑Chain Activity

The Ethereum price is trading at $3,310, up 11% in the last 24 hours, as renewed ETF inflows and record on-chain activity fuel optimism that the price could move toward $4,500 in the coming weeks.

Ethereum is attracting strong interest from institutional investors, with spot Ethereum ETFs seeing nearly $500 million in inflows over four days, according to Farside Investors. Wednesday alone brought in $175.1 million, marking the biggest single-day ETF inflow of 2026 and the highest since December 2025. Daily institutional purchases, including ETFs and direct asset trades, average 6,964 ETH per day, according to Capriole Investments.

While monthly and weekly trading volumes for Ethereum treasury companies have slowed, some firms, like Bitmine, led by Wall Street strategist Tom Lee, are still adding ETH to their holdings. Experts note that consistent institutional buying will be important for a sustained ETH price recovery.

Ethereum’s network activity is also showing strength. Active addresses have grown 53% over the past 30 days, reaching 995,779, the highest level in 28 months, according to Nansen. The last time daily active addresses were this high was in September 2023, with the all-time peak around 1.4 million in December 2022.

Daily transactions also reached a record 2.9 million on Friday, according to DefiLlama, while gas fees remain below $0.01, signaling that Ethereum’s network can handle more users efficiently. Crypto commentators and analysts are emphasizing this growth, highlighting that the network is becoming more scalable and usable.

ETH Breaks Bias as Bulls Take Control After Key Support Hold

The 4-hour chart for Ethereum shows a clear shift from bearish to bullish momentum over the past month. Initially, ETH was trading within a bearish channel, where repeated lower highs and lower lows indicated strong selling pressure.

The price eventually found stability at a major support level around $2,900, which acted as a floor for buyers to step in. This support zone held multiple tests, signaling that market participants considered it a reliable entry area.

Following this consolidation, ETH formed a rounded bottom pattern, which is a classic reversal signal. The pattern indicates that selling pressure gradually weakened while buying interest slowly increased, creating a smooth U-shaped recovery. After breaking out of this bottom, ETH surged upward, moving through previous minor resistance levels toward a resistance zone near $3,320.

The chart also highlights a reward zone, indicating the potential price target for the bullish move. If ETH maintains support above the $3,050–$3,170 area, it has the momentum to reach the target price above $3,500. Traders can use this area for taking profits or planning entries if the price retraces slightly.

The RSI (14) indicator supports the bullish outlook, showing that Ethereum had recently entered overbought conditions but is now stabilizing around 50–61. This suggests that while momentum may pause or slightly correct, the underlying trend remains upward.

The chart indicates a transition from consolidation and bearish sentiment to a strong bullish structure. Key levels to watch are the major support around $2,900 for downside protection and the resistance/reward zone near $3,320–$3,340 for upside potential. A breakout above this resistance with steady volume could push ETH toward the $3,500 target, confirming a continuation of the bullish trend.