Ethereum (ETH) has surged over 10% in the last 24 hours, reaching $3,481 – its highest price point since early January 2025. This notable rally is largely powered by unprecedented inflows into spot Ethereum exchange-traded funds (ETFs), which recorded a record single-day influx of $727 million.
Over the past five days, spot ETH ETFs have accumulated approximately $1.76 billion in new investments. These substantial inflows now position ETH ETFs as holders of roughly 4% of Ethereum’s total circulating supply, signifying intensified institutional interest.
Network fundamentals have simultaneously strengthened, with active Ethereum addresses climbing 9.4% over the previous month to reach 1.49 million. Daily active addresses also increased by 6.7% in the last 24 hours, reflecting heightened on-chain engagement.
Ethereum’s total value locked (TVL) has soared to $78.2 billion, cementing its dominant 58% market share among all layer-1 blockchains. This continued leadership underscores Ethereum’s pivotal role in decentralized finance infrastructure.
Technical analysts highlight a pivotal RSI (Relative Strength Index) buy signal at the 40 level from April 2025, which historically preceded major price surges. Current projections indicate Ethereum may target price levels between $7,000 and $10,000 in the coming months.