Ethereum price has fallen again in recent weeks despite some positive exchange-traded funds and staking inflows.
Ethereum (ETH) traded at $3,400 on December 29, down over 17.2% from its peak this month. This decline came as Ethereum continued to record strong fundamentals.
Data from SoSoValue shows daily inflows increased by $47.7 million on Friday. The funds recorded inflows for the last four consecutive days and outflows for two days in the last 25 days.
The cumulative net inflows of these ETFs were over $2.68 billion, representing total net assets of over $12.1 billion. The BlackRock Ethereum ETF saw the most inflows, increasing its total assets to $3.58 billion.
Grayscale, Fidelity and Bitwise also offer ETH funds.
Meanwhile, data from IntoTheBlock shows that more and more investors are betting on Ethereum. The cumulative ETH sent for staking increased to 55.18 million ETH. The staking market cap has increased to $114.95 billion, with the average reward rate being 3.06%.
Staking is a process in which Ethereum holders delegate their tokens to secure the network. In turn, they are paid through their fees, which have seen a slow upward trend in recent years.
According to TokenTerminal, Ethereum generated over $2.4 billion in 2024, making it the second most profitable network in the industry after Tether.
Some analysts are optimistic that Ethereum price could recover in the near future. In an X post, TMV, a widely followed expert, predicted that the coin would rise again after completing the fourth leg of the Elliot…
