Ethereum Reaches $4,780 as ETF Demand Surges with $1 Billion Inflows

Ethereum's price reached $4,780 on Monday, marking its highest level since late 2021. Increased capital allocation into ETH is evident as multiple indicators support this trend.

The ETH/BTC price ratio has surpassed its 365-day moving average, signaling potential bullish momentum for Ethereum against Bitcoin.
US spot Ethereum ETFs saw approximately $1 billion in inflows in one trading day, with BlackRock’s ETHA and Fidelity’s FETH attracting significant investments.
Current ETF holdings are around $26 billion with cumulative inflows nearing $11 billion, indicating strong institutional and retail demand.
Open interest in Ethereum derivatives is rising faster than Bitcoin's, with ETH's spot trading volume reaching $24 billion compared to Bitcoin's $14 billion over the past four weeks.
Increased daily ETH inflows into exchanges suggest possible profit-taking by holders.

The ETH/BTC ratio's crossing above key moving averages could attract more technical traders, though past trends show that breakouts can quickly reverse. Monitoring flow data will be crucial; continued high ETF inflows and rising open interest could sustain momentum, while increased exchange inflows may lead to price stalls.