- Ethereum ETF inflows reached $14 billion year to date
- ETH holder sentiment turned positive for the first time since February
- Realized profits surged as traders sold accumulated ETH positions
Ethereum holder sentiment has shifted back into positive territory for the first time since February, even as ETH price faced renewed selling pressure this week. According to Alphractal, spot Ethereum ETFs absorbed inflows for nine consecutive trading days, with total year-to-date inflows reaching $14 billion.
At the same time, Ethereum traded near $2,240 after falling more than 5% over the past several days. Despite the correction, on-chain data suggests many investors remain profitable and continue showing confidence in the broader recovery trend.
Ethereum ETFs and On Chain Metrics Signal Strong Demand
Alphractal noted that the Ethereum exchange flux balance continues compressing, often viewed as a sign of declining sell-side liquidity. The data also showed that spot ETFs absorbed roughly $101.2 million in a single day on May 1, reinforcing steady institutional demand for Ethereum exposure.
This improving sentiment comes while broader crypto markets remain volatile. From my coverage of previous ETF-driven rallies, sustained inflows often strengthen long-term conviction even during short-term corrections.
Ethereum network activity also increased notably during the recent pullback. Higher transaction activity around the $2,240 range reflects elevated participation from both buyers and sellers as traders react to changing market conditions.
Ethereum Profit Taking Rises as ETH Holds Above Key Levels
Fresh on-chain data from Santiment revealed that Ethereum network realized profits climbed to nearly $74.6 million, marking the highest level recorded in three weeks. Much of this activity appears linked to investors who accumulated ETH below $2,000 during February and March.
Those holders remain comfortably profitable despite Ethereum’s latest decline. As a result, some traders are taking profits while maintaining broader bullish positioning.
The current price compression near $2,240 suggests Ethereum may be entering a key decision zone. Analysts continue monitoring whether ETH can stabilize above recent support while ETF inflows and network participation remain strong.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
