Ethereum Pushes Higher as ETF Inflows Hold Steady for 15 Days, Resistance Builds at $2,540

Ethereum Edges Higher as Institutional Inflows Signal Growing Confidence

Ethereum (ETH) traded modestly higher on Monday, climbing to $2,538.25, up 1.28% over 24 hours, as fresh inflows into Ethereum-based spot ETFs reinforced market confidence. The move comes as investor interest in ETH remains resilient, despite a generally cautious tone across broader crypto markets.

According to the latest data from CoinShares, Ethereum led all crypto assets in weekly inflows, attracting $295 million for the week ending June 7. That brings June’s total to $296 million and lifts the asset’s AUM to $14.09 billion, its highest level in months.

ETF Demand Supports Price Stability

Analytics firm SoSoValue noted that ETH ETFs have now seen 15 consecutive days of net positive flows, underlining continued institutional allocation. This streak, coupled with strong on-chain activity, helped ETH maintain price levels above key support despite limited volatility.

Technical Snapshot:

• Range: ETH traded between $2,482.99 and $2,540.10, with buying momentum capped at the upper resistance.
• Key Support: Formed near $2,483, supported by dense accumulation zones and repeated defense in low-volume periods.
• Volume Spike: A sharp uptick at 08:02 UTC saw 8,337 ETH traded in minutes, pushing the price up by 1.33%.
• Trend Bias: ETH remains in a short-term consolidation pattern, with a breakout above $2,540 needed to retest $2,580.

With institutional inflows showing no signs of slowing, Ethereum may be poised for further upside—if buyers can clear the near-term resistance.