Ethereum Market Cap Reaches $1.23 Trillion with Record ETF Inflows
The total crypto market cap, excluding Bitcoin, is at $1.23 trillion. Ethereum trades at $2,764, recovering by 0.99% in the past 24 hours.
Ethereum's Recovery Potential
- Ethereum shows a 1.15% intraday gain after a 5% drop, indicating a V-shaped reversal.
- The stochastic RSI suggests a bullish recovery potential.
- Support near $2,750 remains strong.
Record ETF Inflows
- On February 4, Ethereum ETFs recorded a total net inflow of $307.77 million.
- BlackRock led acquisitions with $276.16 million, followed by Fidelity with $27.47 million.
- This marks the highest inflow for Ethereum ETFs in 2025.
Increased Speculation
- Open interest in Ethereum rose by 0.5% to $23.97 billion, indicating renewed bullish sentiment.
- The funding rate increased from negative 0.0013% to 0.0080%, reflecting bullish positioning among traders.
Price Targets
- A reversal rally may test the $3,000 resistance level.
- A breakout above this level could lead to a target above $4,000.
- Key support levels are at $2,500 and $2,400.