Ethereum price today trades near $1,998.80, up 3.05% after breaking above symmetrical triangle resistance that capped price for weeks. The move places buyers in control as institutional flows accelerate and derivatives positioning shifts bullish.

Ethereum spot ETFs recorded $38.69 million in net inflows on March 2, according to SoSoValue data. The session marks the largest single-day institutional buying since late February, with cumulative net inflows now standing at $11.64 billion.

BlackRock’s ETHA led with $26.51 million in fresh capital, while Grayscale’s ETH and ETHE combined for $8.97 million in inflows. The return of institutional demand after weeks of outflows confirms that funds view current levels as attractive entry points.

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