In an incredible move, Ethereum made a dramatic recovery on Monday, regaining the key $2,500 level. On-chain data shows that ETH’s recent upward move is catching the attention of major investors, especially on the institutional level.
According to the on-chain platform, ETH spot ETFs recorded net inflows of over 106,000 ETH in the last week, which marks the 7th consecutive week of positive flows into the products. This consistent accumulation trend demonstrates how demand for direct ETH exposure is rising even in the face of general market uncertainty.
In the quick-take post on the CryptoQuant platform, the expert revealed a strong accumulation pattern among ETH holders despite prior price pullbacks. This robust accumulation suggests renewed conviction and interest in Ethereum.
Furthermore, long-term investors are now accumulating more Ethereum rather than selling, according to on-chain data, which signals extremely positive market confidence and optimistic views for the future.
