Ethereum Gains as ETF Inflows Extend to 15 Days, Eyes Set on $2,540 Breakout

Ethereum (ETH) traded higher Monday, recovering above the $2,530 level as sustained inflows into spot ETFs boosted sentiment. The world’s second-largest cryptocurrency rose by 1.28% over the last 24 hours, reaching $2,538.25 as of press time.

Weekly data from CoinShares shows ETH leading digital asset inflows with $295 million, pushing June’s total to $296 million and lifting assets under management to $14.09 billion—marking a sharp shift in institutional positioning.

Spot ETF Demand Continues to Build

On-chain and fund flow metrics point to rising confidence among long-term holders. SoSoValue reported 15 consecutive days of net inflows into ETH spot ETFs, highlighting consistent demand despite broader macro uncertainty.

The price rebound comes amid modest improvements in risk sentiment and solid buying interest at support levels just above $2,480.

Market Structure & Technical Outlook:

• Intraday Movement: ETH traded in a narrow range between $2,482.99 and $2,540.10, with resistance now clearly defined at the upper bound.
• Volume Breakout: A surge in trading activity at 08:02 UTC helped lift prices by 1.33% within minutes, on 8,337 ETH in volume.
• Support Zones: Accumulation is visible around $2,483–$2,485, with high confidence support zones forming.
• Trend Bias: ETH is showing signs of a continuation pattern; a clean break above $2,540 could open the door to $2,580 or higher in the near term.

With inflows sustained and technicals aligning, Ethereum appears well-positioned for a breakout—provided bulls can clear resistance and maintain volume above daily averages.