Ethereum Gains Momentum on Sustained ETF Demand, Traders Monitor $2,540 Breakout Point

Ethereum Rebounds Above $2,530 as ETF Inflows Signal Strong Institutional Demand

Ethereum (ETH) pushed higher on Monday, reclaiming the $2,530 level as steady demand from spot ETFs injected confidence into the market. The token is up 1.28% over the past 24 hours, trading around $2,538.25, as data shows it led all digital assets in weekly inflows.

According to CoinShares, Ethereum attracted $295 million in new capital last week, bringing total inflows for June to $296 million and boosting its assets under management (AUM) to over $14 billion. This sharp rise underscores growing institutional interest amid anticipation of broader ETH ETF adoption and increased use in DeFi.

ETF Flows Drive Momentum

On-chain data platform SoSoValue reported 15 straight days of net positive flows into ETH spot ETFs—an unusually strong stretch that aligns with recent price resilience.

With ETH continuing to see favorable inflows, market watchers are now looking to see if bulls can push decisively through the $2,540 resistance zone.

Technical Check-In:

Intraday Range: ETH traded between $2,482.99 and $2,540.10, a modest but bullish range.
Key Levels: Support is holding near $2,483, while resistance around $2,540 remains the immediate ceiling.
Volume Surge: A notable breakout occurred at 08:02 UTC, when a sharp 8,337 ETH was traded in minutes, pushing the price up by 1.33%.
Market Behavior: Buying momentum remained concentrated between $2,517 and $2,528, showing active accumulation during dips.

As Ethereum flirts with breaking out of a sideways range, analysts suggest that continued ETF inflows and strong on-chain activity could pave the way for a test of the $2,580–$2,600 region in the near term.