U.S. spot Ethereum ETF flows reversed on January 26, posting $117 million in net inflows led by Fidelity. This shift followed sustained outflows and occurred as Ethereum network fees hit multi-year lows. Meanwhile, concentrated liquidity provided support for ETH’s price around the $2,900 level.
Ethereum rebounded on January 26 with $117 million in net inflows into U.S. spot Ethereum ETFs. Fidelity dominated the session, recording $137 million in inflows and snapping a four-day outflow streak.
By contrast, BlackRock registered net outflows on the same day. That divergence highlighted selective institutional positioning rather than broad-based accumulation.
The reversal in ETF flows followed multiple sessions of sustained outflows. That shift left traders focused on whether institutions were rebuilding exposure or executing short-term reallocations.
Separate data showed Ethereum’s total transaction fees fell to their lowest level since May 2017 on January 27. This sharp decline boosted scalability and security, driving the ecosystem forward.
Liquidity clusters around $2,900 and $2,850 offered crucial downside support. Large buy orders in these zones triggered accumulation from whales, creating solid backing.
At the time of reporting, Ethereum was trading at $2,908. Reclaiming and breaking the $3,000 level became the new benchmark.
However, momentum indicators showed signs of weakness. Ethereum’s ability to break the $3,000 resistance would have defined its next move.
