- Ethereum ETF products in the US recorded $96.67M in inflows on Monday.
- ETH Coinbase Premium Index improved from -0.12 to -0.02 since Thursday.
- Ethereum reserves on exchanges are falling, currently at a low of 1.8 million ETH.
Ethereum is showing signs of a potential bullish reversal as technical patterns, institutional activity, and exchange metrics suggest renewed interest. Recent updates from analysts and platforms such as CryptoQuant and SoSoValue provide insights into ETH’s market behavior in the US.
Corrective Pattern Suggests Rebound Possibility
According to trader Crypto Tony, Ethereum’s recent chart reflects a completed five-wave upward structure under Elliott Wave Theory. The correction phase has started, and Wave (a) has formed. Wave (b) is currently developing, with a projected Wave (c) expected to complete near the $2,800 level. This range is being watched as a potential support zone for a reversal.
The analysis suggests that if Ethereum holds above this level, a bullish reversal may follow. This perspective is based on technical charting and does not include speculative statements.
US Sentiment and Institutional Flows Rise
ETH’s Coinbase Premium Index, which shows how US investors are pricing the asset, has increased in the past few days. According to CryptoQuant, the index moved from -0.12 last Thursday to -0.02 by Monday.Â
While still negative, the improvement suggests investors in the US are showing a growing willingness to pay closer to global prices.
SoSoValue reported $96.67 million in net inflows into spot Ethereum ETFs on Monday. This marked the second consecutive day of positive flows, after eight days of continuous outflows. These numbers point to growing institutional interest in Ethereum-based products within the US.
Supply on Exchanges Falls Sharply
Mister Crypto noted that Ethereum reserves across exchanges are dropping. As per CryptoQuant data, ETH reserves are now around 1.8 million. This decline typically means fewer coins are available for immediate sale.
While Ethereum’s current price trades near $2,800, broader market behavior supports cautious optimism. Combined with reduced exchange supply and increased ETF flows, these trends indicate improving sentiment in the US market without any confirmed breakout at this stage.
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.
