Ether Breaks $4,000 as Spot ETFs Get Massive Inflows - Unchained

Ethereum’s native token ether reclaimed the $4,000 mark for the first time since December 2024 on Friday, before rallying further to an intraday high of $4,340 late on Sunday.

ETH’s rally triggered $156 million worth of liquidations for those betting on a lower price, according to data from CoinGlass, over a 12-hour period on Friday.

“It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over,” said Eric Trump, son of President Donald Trump and executive vice president of the Trump Organization, on X.

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Short sellers weren’t the only ones feeling regret. BitMEX co-founder Arthur Hayes, who sold $8.32 million worth of ETH the week before, said he “had to buy it all back.”

“I pinky swear, I’ll never take profit again,” said Hayes in a post on X.

ETH is now trading just 12.7% below its all-time high of $4,891, which it touched in November 2021. The price action comes amid surging investor flows into U.S.-listed spot ether exchange-traded funds (ETFs), which recorded $5 billion worth of inflows in the last month alone.

On Friday alone, spot ETH ETFs recorded $461 million in net inflows, surpassing Bitcoin’s $404 million. When adjusted for Bitcoin’s roughly four-times larger market capitalization, the Ethereum figure would be comparable to about $2 billion in Bitcoin inflows.