U.S. spot Ethereum ETFs saw $474.6 million in net inflows this week, exceeding new ETH supply according to Farside Investors. On-chain metrics show a 53% month-over-month increase in active Ethereum addresses and record daily transactions of 2.9 million. ETH is currently forming a symmetrical triangle pattern, with a potential breakout targeting $4,500 and possibly $5,500.

