Ethereum Rebounds with Five Straight Days of Inflows as Institutional Investors Lead the Charge

Ethereum is leading a resurgence in the crypto market, attracting institutional investors and posting five straight days of inflows.

The asset's spot ETFs pulled in $70.5 million in 24 hours, with Fidelity's FETH product seeing approximately $69 million in inflows.

This comes after Ethereum faced setbacks earlier this year, shedding over 65% of its gains and plummeting below $1,600 due to a sharp drop in institutional capital.

Crypto analyst Amr Taha noted that the divergence between derivative contraction and spot market expansion is a strong signal for Ethereum's recovery.