ETH Outperforms Rivals with $1.1 Billion Stablecoin Inflow
Ethereum is showing strong market performance, outshining Bitcoin and Solana. Over the past week, ETH has seen stablecoin inflows of $1.1 billion, while Solana, Avalanche, and other blockchains experienced outflows.
With a current price of $2,700, Ethereum has gained 3% this week, while Bitcoin has dropped by 2%. Institutional investors are pouring money into Ethereum ETFs, fueling its recent uptrend.
Why Ethereum is Beating Bitcoin and Solana
Ethereum’s stablecoin inflows indicate investors are shifting capital from competing blockchains. According to Lookonchain, while Solana saw $772 million in outflows and Avalanche lost $152.5 million, Ethereum’s ecosystem continued to expand.
Another major factor behind ETH’s rise is the surge in Ethereum ETF investments. Glassnode reports that ETH ETFs have accumulated nearly 145,000 ETH halfway into February, which is seven times more than their January net inflows. Meanwhile, Bitcoin ETFs saw net outflows of 2,214 BTC, showing a shift in investor preference toward ETH.
Institutional Investors and Whale Activity
Ethereum’s price gains can also be attributed to recent large withdrawals from exchanges. In the past ten days, approximately 900,000 ETH worth $2.4 billion has been removed from exchanges, reducing selling pressure.
Additionally, major investors have acquired around 280,000 ETH, totaling $760 million. This signals growing confidence in Ethereum’s long-term potential and a bullish market sentiment.
Ethereum’s Battle at $2,850: Breakout or Rejection?
Despite its strong fundamentals, Ethereum has failed to break past the $2,850 resistance level. It has been rejected at this price six times in the last two weeks. Currently, ETH is consolidating between $2,500 and $2,850, forming a crucial range.
According to Coinglass, ETH saw $61.8 million in futures liquidations over the past 24 hours, with short positions suffering the most. If Ethereum successfully breaks above $2,817 and establishes support, it could rally toward $4,100, a key resistance level from last year.
However, if the $2,850 barrier holds, ETH could drop to find support near $2,550. A strong daily close below $2,200 would invalidate the bullish thesis.
What’s Next for Ethereum?
Technical indicators show a gradual increase in bullish momentum. The Relative Strength Index (RSI) is testing its neutral level, while the Stochastic Oscillator (Stoch) and MACD histograms are slightly above neutral, signaling potential upside movement.
Ethereum’s price trajectory depends on whether it can break the $2,850 resistance. If it does, a strong rally could follow. If not, a pullback to $2,550 or lower remains possible. Investors are watching closely to see if ETH can finally break free from its consolidation phase.
