Ethereum-based spot Exchange-Traded Funds (ETFs) recorded their strongest single-day performance in nearly two months, attracting $169 million in inflows on Wednesday. This marks the highest netflow since January 14, when the category saw $175 million. After a five-week period of outflows totaling $1.38 billion, Ethereum ETFs ended their streak last week with $80.46 million in inflows.
Analysts note that the strength of crypto ETFs, even amidst geopolitical tensions, suggests digital assets are being considered as a potential safe haven. Client discussions are reportedly focused on identifying entry points rather than reducing exposure.
Ethereum's price also climbed 12% on Wednesday, reclaiming the $2,100 barrier and reaching a one-month high of $2,199. The cryptocurrency is at a crucial structural point, trading near a multi-year ascending trendline that could determine its next directional move. A sustained reclaim of this trendline as support could lead to further gains, while rejection could signal a deeper pullback.