The inflows into spot Ethereum exchange-traded funds (ETFs) have reached a new record, with inflows for 16 consecutive days. On Friday, the inflow stood at over $23.6 million, bringing the total amount since inception to $2.26 billion. The Grayscale Ethereum ETF remains the largest with over $5.6 billion in assets. One reason for the inflows is the anticipation that the US Securities and Exchange Commission will allow staking, which could lead to higher prices and staking rewards for ETF holders. Ethereum's price is currently close to $4,000 and has risen by 153% from its 2023 lows. On-chain metrics, such as the number of active Ethereum addresses and the increase in market share by Ethereum whales, are also positive. Analysts predict that the price of Ethereum could reach $5,000 if it can break the resistance at $4,092.



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