Ethereum has attracted nearly 1.6 billion US dollars in the past week, setting the second-largest weekly inflow record in history.

Ethereum (ETH) has seen nearly $1.59 billion in inflows over the past week, marking its second-largest weekly inflow on record. As market optimism grows over the imminent approval of a U.S. spot Ethereum ETF, the price of Ethereum has risen 62% this month, nearing the critical $4,000 breakout level. Meanwhile, institutions including BlackRock and SharpLink have been increasing their ETH holdings, highlighting Ethereum's dominant position among institutional investors.

Ethereum attracts nearly $1.6 billion, record inflow of funds According to the latest market data, digital asset investment products attracted a total inflow of $1.9 billion over the past week, with Ethereum accounting for $1.59 billion. This is the second-largest weekly inflow for Ethereum in history, indicating that investors are shifting their focus from Bitcoin to Ethereum and other high-growth assets.

Spot Ethereum ETF is nearing approval, regulatory signals boost the market Market optimism stems from significant progress in the U.S. regulatory environment, including the passage of the Genius Act and the Clarity Act. These legislations provide a clearer regulatory framework for altcoins such as Ethereum, clearing obstacles for the approval of spot ETH ETFs and further attracting institutional funds.

Bitcoin ETP funds flow out, capital rotates to Ethereum and altcoins In contrast to the strong performance of ETH, Bitcoin-related ETP products experienced a net outflow of $175 million last week. This indicates that funds are shifting from BTC to other crypto assets such as ETH, Solana, and XRP. Among them, Solana and XRP recorded inflows of $311 million and $189 million, respectively, while Litecoin and Bitcoin Cash saw slight outflows.

BlackRock and SharpLink significantly increased their Ethereum holdings Institutional investors continue to expand their Ethereum holdings. BlackRock's iShares Ethereum ETF (ETHA) has surpassed $10 billion in assets under management, making it the third fastest-growing ETF product globally. The company currently has 100% of its crypto exposure in ETH, with total holdings amounting to $1.047 billion.

At the same time, Nasdaq-listed company SharpLink Gaming spent approximately $295 million to purchase 77,210 ETH, bringing its Ethereum holdings to over 438,000. It is worth noting that this single purchase amount exceeds the total issuance of the Ethereum network over 30 days, reflecting a strong buying signal from institutions for ETH.

Technical indicators are bullish, but there is still a risk of a pullback On the technical side, the Ethereum daily chart has formed a "Golden Cross" bullish pattern, and the MACD indicator shows strong upward momentum. However, the Relative Strength Index (RSI) has reached 82.07, which is in the overbought zone, indicating that there may be some price correction pressure in the short term.

On-chain activity surges as the Ethereum DeFi ecosystem continues to expand Ethereum network on-chain transaction activity surged by 288%, demonstrating its strengthening core position as a smart contract platform and in the DeFi ecosystem. Currently, driven by favorable policies and institutional allocation, ETH is consolidating its leading position among altcoins.

Conclusion: As the expectations for ETF approval heat up and the trend of capital rotation accelerates, Ethereum is standing at the strategic windward of the crypto market. Institutional large orders, increased on-chain activity, and the resonance of technical signals all inject confidence into the future of ETH. However, the risk of short-term volatility should not be overlooked.