Ethereum jumps 6.5% when ETH breaks the major resistance and outperforms the top crypto with daily profits.
BlackRock’s ETH ETF has reached record-setting and market capitalization of over $320 million since July 7th.
Ethereum is making headlines again. Over the past 24 hours, ETH prices have increased by 6.5%, surpassing major cryptocurrencies such as Bitcoin (BTC), XRP and Solana (SOL). This bullish momentum coincides with a massive spike in the trading volume of Etha’s BlackRock spot Ether ETFs.
Ethereum prices break important resistance
Ethereum is currently trading at $2,790.78. 6% per day 7.3% in the past week. Experts believe a clean breakout that surpasses the $2,750 resistance zone could lead to another sharp rally.
ETH has dropped just 0.2% in the final hour, but overall momentum remains strong, especially with institutional interest.
BlackRock’s ETH ETF is setting up a new record
BlackRock’s Spot Ether ETF (ETHA) is currently the ETF backed by ETH, the top market capitalization, sitting at $5.06 billion. According to Coinglas, it currently has more than 1.83 million ETH, an increase of +2.52% (45,182 ETH) over the seven-day period.
Key ETF Statistics:
- Wednesday Volume: 43m stock (best since release)
- Tuesday volume: 24 million shares
- Average volume over 30 days: 18.83m (up from 12.97m in June)
- Latest online inflows: +$ 158.6m
- Total inflows since June: Over $1.3 billion
- Spot ETH ETF market inflow (Wednesday): +$ 211.3M
Investor appetites are growing. Since July 7th, more than $320 million has flowed into the Ethereum ETF.
Why Ethereum looks strong
- Powerful price action
- ETF demand reaches record highs
- Large capital inflows from institutions
- Increase in trading volume over 30 days
The latest price surge for Ethereum is driven by actual institutional demand. BlackRock ETFs As BlackRock’s ETFs climb new volume records and influx of investors every day, ETH could be gearing up for the next big breakout.
