Ethereum ETF Inflows Surge to $461 Million, Fueling Price Rally and Potential Resistance

The cryptocurrency market witnessed a significant boost after over $460 million flowed into Ethereum exchange-traded funds (ETFs) in early August. This surge in institutional demand reflects the growing acceptance of Ethereum as an investment asset class and showcases how capital inflows, particularly from large players like BlackRock and Fidelity, can significantly impact its price trajectory.