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Ethereum jumps 6.5% as $ETH breaks key resistance and outpaces top cryptos in daily gains.
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BlackRock’s $ETH ETF hits $5B market cap with record volume and $320M+ in inflows since July 7.
Ethereum is making headlines again. In the last 24 hours, $ETH price jumped by 6.5%, outperforming major cryptocurrencies like Bitcoin (BTC), XRP, and Solana (SOL). This bullish momentum coincides with a massive spike in trading volume for BlackRock’s spot Ether ETF, ETHA.
Ethereum Price Breaks Key Resistance
Ethereum is currently trading at $2,790.78, after gaining more than 6% in a single day and 7.3% over the past week. Experts believe a clean breakout above the $2,750 resistance zone could spark another sharp rally.
While $ETH is slightly down by 0.2% in the last hour, overall momentum remains strong, especially as institutional interest is pouring in.
BlackRock’s $ETH ETF Sets New Record
BlackRock’s spot Ether ETF (ETHA) is now the top $ETH-backed ETF by market cap, sitting at $5.06 billion. It currently holds over 1.83 million $ETH, with a 7-day increase of +2.52% (45,182 $ETH), according to Coinglass.
Key ETF Stats:
- Wednesday Volume: 43M shares (highest since launch)
- Tuesday Volume: 24M shares
- 30-Day Avg Volume: 18.83M (up from 12.97M in June)
- Latest Net Inflow: +$158.6M
- Total Inflows Since June: Over $1.3 Billion
- Spot $ETH ETF Market Inflow (Wednesday): +$211.3M
Investor appetite is rising. Since July 7, more than $320 million has flowed into Ethereum ETFs.
Why Ethereum Looks Bullish
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Strong price action
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ETF demand reaching record highs
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Massive capital inflows from institutions
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Rising 30-day trading volume
Ethereum’s latest price surge is backed by real institutional demand. With BlackRock’s $ETH ETF setting new volume records and investor inflows climbing daily, $ETH could be gearing up for its next big breakout.