Why Ethereum ETF Inflows Are Unable to Drive ETH Price Higher?

Ethereum ETF inflows have surged over the past few weeks; however, the same hasn’t reflected in ETH price, which continues to flirt around $2,500 levels. The ETH inflows across all US issuers have now reached closer to $4 billion, led by BlackRock’s iShares Ethereum Trust (ETHA). This shows that ETH remains institutions’ favourite, along with on-chain data showing a surge in Ethereum network activity.