Ethereum ($ETH) – ETF inflows vs on-chain activity
$ETH has seen a steady period of ETF inflows, with multiple consecutive days of net positive capital entering the market.
At the same time, price is holding near the $2,300–$2,400 range, which has acted as a short-term support zone.
What stands out
Capital inflows remain consistent
Price is relatively stable despite recent volatility
On-chain activity (like DApp revenues) has slowed in recent months
Market flows and network usage are not always aligned in the short term
Institutional activity can increase before visible changes in on-chain metrics
Price may consolidate while the market evaluates both factors
Ethereum is currently in a phase where capital inflow and network activity are moving at different speeds, making it a market worth watching for further confirmation.