Ethereum ETF buying outpaces new supply: Will it push ETH price to $4.5K?

Renewed spot Ethereum ETF inflows topped $474 million this week while network metrics smashed records, positioning ETH for a rally to $4,500 in the coming weeks.

Ether (ETH) traded at $3,310, up 11% year-to-date, as renewed ETF buying and record onchain activity placed it on a path toward $4,500 over the next few weeks.

Key takeaways:

Spot Ethereum ETFs recorded $474.6 million in inflows over four days, outpacing new supply amid a surge in institutional buying. 

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