Ethereum Rallies Above $3,100 as Binance Inflows Surge and ETFs Attract Capital

Ethereum climbs past $3,100 amid record Binance inflows and rising ETF demand, highlighting on-chain flows and upcoming network upgrades.

Rich by Coin

2026-01-03

Ethereum traded at $3,100.98 at the time of writing, posting a 5.80% gain over the past seven days. The recent price recovery followed a volatile end to 2025, when ETH briefly slipped below the $3,000 level. Since then, trading activity has increased, supported by strong exchange flows and sustained demand from spot exchange-traded funds. Market participants have closely tracked these shifts, as capital movement patterns often reflect changes in short-term positioning and liquidity conditions.

CryptoQuant data showed Ethereum recorded a net inflow of $960 million to Binance in December 2025. This figure marked the largest monthly inflow to the exchange since July and ended a multi-month stretch of declining or negative net flows. From July through November, Ethereum consistently saw more withdrawals than deposits, a trend that often aligned with off-exchange holding strategies. The scale of the inflow placed December well above recent monthly averages, highlighting a sharp shift in exchange-related behavior.

Alongside exchange flows, spot Ethereum ETFs recorded strong inflows at the start of 2026. According to SoSoValue data, Ethereum spot ETFs posted a combined net inflow of $174 million on January 2, led by Grayscale’s Ethereum Trust ETF with $53.7 million and the Grayscale Ethereum Mini Trust ETF with $50 million. Total net assets held across Ethereum spot ETFs reached $19.046 billion. These products now account for an ETF net asset ratio of 5.06% relative to Ethereum’s total market capitalization. Cumulative historical net inflows across all Ethereum spot ETFs have climbed to $12.502 billion, underscoring sustained institutional participation.

Ethereum’s investment flows coincided with ongoing attention around network upgrades and technical indicators. Developers have scheduled the Pectra and Fusaka upgrades to improve scalability and reduce transaction fees. These upgrades have remained a central theme for investors tracking Ethereum’s long-term network development. On the technical side, ETH reclaimed the $3,000 level as the relative strength index flashed a buy signal, with $3,250 identified as a key technical threshold that could confirm a broader uptrend if breached.