Even as the ETH price fluctuated and dipped below $2,400 amidst market volatility, Ethereum-based exchange traded funds (ETFs) experienced surprisingly strong inflows. Recent data reveals a steady influx of $11 million into these products, defying the general trend of outflows witnessed by Bitcoin ETFs. This sustained demand suggests growing institutional confidence in ETH’s potential, even as market uncertainty persists. 16 consecutive days of positive ETF inflow signal a remarkable shift in sentiment within the crypto industry. 30 million dollars worth of short positions were liquidated during a brief price drop, while bullish momentum remained. Analysts believe that these trends may indicate a turning point for ETH. 11 million dollars is a significant sum and suggests growing institutional interest. These institutions are not just buying top but building positions early, showcasing a level of confidence that investors haven’t seen before. This influx is particularly noteworthy considering the broader market downturn. The Ethereum price experienced a sharp decline following the news, dropping by nearly 7% from $2,600 to $2,390. However, recent data suggests a rebound in ETH’s price, with a slight increase to the $2,400 range. While market conditions remain volatile, this surge offers an opportunity for ETH to climb back towards the critical $3,000 mark. 11 million dollars in inflows highlights a growing trend of institutional investment into Ethereum, particularly ETFs, offering a clear signal that bullish sentiment is gaining traction within the industry.