Ethereum ($ETH) Blasts Past $3K on 19% Weekly Surge – Will ETFs Fuel the Next Leg?

Key Points

1. Ethereum's price broke through $3,000, marking a 19% weekly increase, with trading volume exceeding $30 billion.

2. Total value locked (TVL) on Ethereum reached $74.4 billion, and daily active ERC-20 addresses hit 414,706, indicating strong user engagement.

3. U.S. spot Ethereum ETFs saw significant inflows, with net inflows topping 61,000 $ETH over eight consecutive weeks.

4. Nasdaq-listed SharpLink Gaming acquired 270,000 $ETH, becoming the largest publicly-traded ETH holder with $81.8 million in unrealized gains.

5. Market indicators suggest a bullish trend, with RSI at 54 and a potential target of $3,250 if $ETH breaks above $3,100.