ETH Roars Toward Record as BlackRock Drives $640M Inflow: CryptoQuant Urges Caution

Key Points

1. ETH's price reached $4,781.24, nearing its all-time high, with the ETH/BTC ratio crossing above its 365-day moving average.

2. U.S. spot Ethereum ETFs saw $1 billion in inflows in a single session, with BlackRock’s ETHA fund contributing $640 million and Fidelity’s FETH adding $277 million.

3. ETH's spot trading volume surpassed Bitcoin’s, reaching a ratio of 1.66 last week—the highest since June 2017.

4. Daily ETH inflows into exchanges have increased, historically a sign of potential short-term price corrections.

5. Market sentiment remains positive, but CryptoQuant warns of cyclical market behavior possibly affecting ETH's upward trajectory.