Ethereum Holds Above $2,900 as ETF Inflows Reach $96.7M
Ethereum traded comfortably above $2,900 on Wednesday as spot ETF inflows topped $96.67 million, reinforcing demand for ETH exposure outside spot exchanges. The fresh capital into ETFs helped underpin prices after a modest pullback earlier in the week, with trader attention focused on continued institutional participation.
Broader market sentiment was buoyed by rising odds of Federal Reserve rate cuts, which tend to favour risk assets including crypto. That combination of ETF buying and softer macro expectations is supporting short-term momentum, though investors will be watching upcoming economic data and fund flow trends for signs of sustainability or tapering demand.