Ethereum Price Surge: ETH Breaks $3,400 Barrier
Ethereum (ETH) has surpassed the $3,400 mark, reaching a five-month high. After peaking at $3,470, the price settled at $3,466, maintaining an 8% gain over 24 hours. This upward movement reflects increasing institutional confidence in ETH.
Ethereum ETFs Attract Record Investments
U.S. spot Ethereum ETFs recorded an unprecedented single-day inflow of $726.74 million. BlackRock‘s ETHA dominated with $500 million, while Fidelity‘s FETH followed with $113 million. This represents a 70% increase over the previous record set in December 2024.
Institutional Adoption Drives Ethereum’s Growth
Three key factors highlight ETH’s institutional appeal:
- Monthly ETF inflows reached $2.27 billion
- ETFs now control 4% of ETH’s circulating supply
- Companies like SharpLink Gaming are accumulating ETH reserves
Expert Perspective on Ethereum’s Trajectory
“The ETF flows demonstrate Ethereum’s evolution into a mature institutional asset,” notes crypto analyst Mark Johnson. “This fundamental shift could propel prices toward new records.”
Ethereum’s Price Outlook
With a 34% monthly increase and strong fundamentals, ETH appears positioned to challenge its all-time high of $4,900. The combination of ETF demand and corporate adoption creates sustained upward momentum for the cryptocurrency.
