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Ethereum (ETH) exchange reserves have fallen to an ATL of $583 million ETF inflows.
Gate News bot news, as the exchange reserves of Ethereum (ETH) returned to a downward trend, it regained bullish momentum on Monday, falling from 18.72 million ETH on Saturday to an all-time low of 18.57 million ETH in the past 24 hours. With the total value of exchange reserves decreasing, this indicates that buying pressure is rising.
(Source: CryptoQuant)
According to Beaconchain data, during this period, the total staked value of ETH also increased by 80,000 ETH, indicating a stronger bullish sentiment among investors.
According to CoinShares, after a week of strong institutional buying pressure, ETH began to shift towards accumulation, driving net inflows into global Ethereum products to $583 million last week.
Buying pressure primarily comes from the inflow of $528.12 million into U.S. spot ETH exchange-traded funds (ETFs), marking the highest weekly performance since December 2024. These products recorded net inflows for 19 consecutive days, before breaking this trend on Friday, with a small outflow of $2.18 million following the escalation of tensions in the Middle East.
Source: FXStreet