Ethereum Near $2,800: Institutional Bids & Spot Premiums Drive Price Stability

Ethereum’s price approaches the $2,800 mark as institutional interest and strong spot demand drive the asset’s stability. Despite modest ETF inflows, Ethereum maintains a robust spot premium, highlighting its resilience. Bitcoin ETFs saw significant inflows, with BlackRock’s IBIT leading the way, while Ethereum ETFs experienced moderate inflows. This dynamic reflects a growing separation in price movements between Ethereum and Bitcoin as institutional buying patterns diverge. Analysts suggest that this divergence may be due to Ethereum’s smaller market capitalization compared to Bitcoin, requiring fewer ETF inflows for sustained strength.