Spot ETH ETF inflows hit 10-day streak: Will Ether rally to $3K next?
Inflows to the spot Ether ETFs topped $633 million over the past 10-days, but are the flows significant enough to trigger a rally to $3,000?...
Key takeaways
- 1Spot ETH ETFs recorded $633 million in inflows over 10 consecutive days, signaling renewed trader confidence.
- 2Weekly Ethereum DApps revenue fell to $13 million in April, down nearly 50% from six months prior.
- 3ETH futures basis rate dropped to 1%, well below the 4% neutral threshold, indicating weak bullish leverage demand.
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Why it matters
While ETF inflows suggest institutional interest recovery, weak DApp activity and low derivatives premium indicate ETH lacks fundamental momentum for a $3,000 rally. For Indian retail investors, this suggests caution despite positive inflows—macroeconomic uncertainty and sector-wide weakness may limit upside near term.
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