Chart of the week

Ether (ETH) has recently shown encouraging price action, buoyed in part by the recovery of net inflows into U.S. ETH ETFs, which have returned to a net positive of $345 million after a weak first quarter. This renewed investor interest may be driven by growing anticipation around the "GENIUS" Stablecoin Act. Stablecoins have become a dominant topic in crypto, and their growing relevance is placing Ethereum in the spotlight, given that it has around 57% of all outstanding stablecoin supply.

Given that they are issued and transacted on smart contract platforms like Ethereum, their success directly enhances the value of the underlying network, which is why a robust and expanding stablecoin ecosystem could prove to be a major long-term catalyst for ETH. The latest ETF inflows appear to reflect a broader recognition of this dynamic, and while it remains too early for definitive conclusions, the signs are increasingly pointing toward a more constructive phase for ether.