Ether (ETH) was trading at $3,310, up 11% year-to-date, as renewed ETF buying and record supply chain activity pushed its price to $4,500 over the next few weeks.
Key takeaways:
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Spot Ethereum ETFs saw inflows of $474.6 million in four days, outpacing novel supply amid a surge in institutional buying.
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Ethereum network activity has exploded, with energetic addresses rising to the highest level in 28 months.
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Traders expect ETH to rise to $4,500 as long as key support levels hold.
Ethereum ETFs attract nearly $500 million
Ether has seen a surge in demand from institutional investors who have recently increased their exposure to ETH through spot Ethereum ETFs.
Data from Farside Investors shows that U.S. spot Ethereum ETFs saw inflows of four days in a row totaling $474.6 million.
Related: The difference in ether prices relative to fundamentals may signal opportunity for 2026
The amount of $175.1 million recorded on Wednesday was the highest since December 9, 2025 and marked the largest single-day inflow of funds in 2026.
Daily institutional purchases, including both DATs and ETFs, also increased to net purchases of 6,964 ETH per day, according to data from Capriole Investments.
While monthly and weekly volumes continue to decline for Ethereum treasuries, there are some energetic players such as Bitmine, led by Wall Street strategist Tom Lee, who continue to add ETH.
While inflows have gained attention this week, a return to steady institutional demand is vital for a sustained recovery in ETH prices.
Ethereum network activity ‘explodes’
According to Nansen, Ethereum network activity continues to show strength, with energetic addresses increasing 53% over the past 30 days, reaching a 28-month high of 995,779 on Thursday data.
The last time Ethereum daily activity addresses recorded these levels was September 13, 2023, when the rate rose to approximately 1.09 million – the second highest level in the history of the network, following a peak of approximately 1.4 million in December 2022.
Daily transaction volume also hit a record high of 2.9 million on Friday, according to DefiLlama data.
“Ethereum daily transactions are exploding” he said YouTuber CryptoRover posted X on Friday, reacting to the network’s milestone.
“Ethereum smashed new ATH with 2.6M transactions per day and gas fees are below $0.01!!!”, another FenoXBT analyst he saidadding:
“This is what real scaling looks like.”
Analysts say Ether price is ‘going higher’
At the time of writing, ETH is trading at $3,300, up 7.3% over the last seven days.
As Cointelegraph reports, staying above the $3,050-$3,170 demand zone is crucial to ETH’s growth prospects and sets the stage for a possible rally above $4,000.
According to a Coinvo Trading trader, the 50-week exponential moving average is within this zone, and a weekly close above this trendline was necessary to secure the bullish weekly structure.
“Weekly structure remains intact, ETH goes up.”
According to Crypto Rover, ETH is ready to explode because it shows strength after breaking out of the symmetrical triangle. According to data from the website, the target triangle formation on the daily chart is $4,500 TradingView.
However, Crypto Rover shared a chart suggesting an extended upside to $5,500 based on Fibonacci retracement analysis, as shown below.
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