Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon?
Ethereum spot ETFs have experienced 16 consecutive days of positive inflows, totaling $2.32 billion since November 22, with $1.5 billion added between November 22 and December 16. Weekly inflows peaked at $854.85 million for the week ending December 13. Total net assets in Ethereum ETFs have reached $14.28 billion, representing about 2.93% of ETH's circulating supply. Grayscale’s Ethereum Trust holds the largest share at $5.87 billion, followed by Blackrock’s iShares Ethereum Trust at $4.02 billion. Analysts suggest ETH is positioned to break the critical $4,000 resistance level, with potential targets around $4,500. Despite bullish sentiment, some analysts express caution, noting potential short-term price fluctuations and concerns over selling pressure from significant ETH unstaking by Justin Sun. ETH is currently trading at $3,947, down 0.2% in the last 24 hours.
