Ethereum surges with $461M ETF inflows – Will ETH break its ATH?

Key Points

1. Ethereum ETFs saw $461 million in inflows in a single day, outpacing Bitcoin ETFs, with BlackRock, Fidelity, and Grayscale leading the purchases.

2. ETH's price remained strong at $4,190, above key moving averages, with momentum indicators like RSI (69.8) and MACD showing bullish signals.

3. ETH is within $700 of its all-time high of $4,891, suggesting potential for price discovery this year if the current trend continues.

4. On-chain trends and institutional buying indicate growing demand and market commitment, though profit-taking could pose a risk.