Ethereum Price Surges as ETF Buying and On-Chain Activity Reach New Heights
Ether (ETH) has seen a significant increase in demand, with its price rising to $3,310, representing an 11% gain year-to-date. This surge can be attributed to renewed buying from exchange-traded funds (ETFs) and record-breaking on-chain activity, which could potentially push the price towards $4,500 in the coming weeks.
Key factors contributing to this growth include the substantial inflows into spot Ethereum ETFs, which have outpaced new supply, and the explosion of Ethereum network activity, with active addresses reaching a 28-month high. Additionally, traders are optimistic about the potential for ETH to reach $4,500, provided key support levels are maintained.
Ethereum ETFs Attract Significant Investment
Data from Farside Investors reveals that US-based spot Ethereum ETFs have seen inflows totaling $474.6 million over four consecutive days. The largest single-day inflow was recorded on Wednesday, with $175.1 million, marking the highest since December 9, 2025, and the largest in 2026.
Furthermore, daily institutional purchases, including DATs and ETFs, have increased to net purchases of 6,964 ETH per day, according to Capriole Investments.
While some Ethereum treasury firms have seen declining monthly and weekly volumes, active players like Bitmine, led by Wall Street strategist Tom Lee, continue to add ETH to their portfolios. However, a return to stable institutional demand is crucial for a sustained recovery in ETH price.
Ethereum Network Activity Reaches New Heights
Ethereum network activity has shown significant strength, with active addresses increasing by 53% over the past 30 days to reach a 28-month high of 995,779 on Thursday, as per Nansen data.
The daily transaction count also hit a record high of 2.9 million on Friday, according to data from DefiLlama.
Reacting to the network’s milestone, YouTuber CryptoRover noted, “Daily Ethereum transactions are exploding.” Fellow analyst FenoXBT added, “Ethereum has reached a new high with 2.6 million daily transactions and gas fees are below $0.01!!! This is what real scaling looks like.”
Analysts Predict Further Price Increase
At the time of writing, ETH was trading at $3,300, representing a 7.3% gain over the last seven days. Analysts believe that as long as ETH holds above the $3,050-$3,170 demand zone, it has the potential to rally above $4,000.
Trader Coinvo Trading emphasized the importance of the 50-week exponential moving average within this zone, stating, “Weekly structure remains intact, ETH is rising.”
Crypto Rover suggests that ETH is ready to explode, having broken out of a symmetrical triangle, with a target of $4,500 on the daily chart. An extended rally to $5,500 is also possible based on Fibonacci retracement analysis.
This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions. For more information, visit https://cointelegraph.com/news/ethereum-etf-buying-outpaces-new-supply-eth-price-4-5k
