Yeliz Akmaca 
Ethereum (ETH) surged 9.5% in the last 24 hours, reaching $2,700. Grayscale’s mini-Ether ETF led with $7.4 million in inflows, while VanEck’s ETHV collected $3 million. According to Farside Investors, spot Ether ETFs saw $13.5 million in inflows on Tuesday.
Daily trading volume rose 19% to $36.75 billion. Coinglass data shows open interest in ETH futures increased 14% to $32.61 billion, confirming growing investor confidence and market liquidity.
BlackRock’s ETF Move
BlackRock proposed an in-kind creation and redemption process for its spot Ethereum ETF. This follows discussions with the SEC’s Crypto Task Force. If approved, ETF shares could be directly exchanged for ETH. Analysts suggest this could push Ethereum’s price to $3,200 or even $4,000.
Crypto analyst Rekt Capital notes Ethereum closed the CME gaps between $2,530-$2,630. This range may now act as a strong support level. If ETF inflows continue, ETH could target the next gap at $2,900-$3,033, followed by $3,200.
Abraxas Capital’s Major Investment
Institutional investor Abraxas Capital purchased 242,652 ETH last week, investing $561 million. Arkham Intelligence data reveals the firm borrowed USDT to increase positions when ETH was at $2,460. This move drove ETH’s price up 10% to $2,700. Analysts predict such institutional buys could lift Ethereum 20% to $3,600 in the short term.
Ethereum’s technical indicators show positive signals. According to Rekt Capital, the $2,530-$2,630 range turning into support sets the stage for higher prices. Breaking $3,200 could lead to the psychological $4,000 level. Rising ETF inflows, trading volume, and futures open interest indicate sustained investor interest.
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