$3,000 Ether will depend on the earnings of the Strong Position ETH ETF
Main Receptors:
The spot ETH ETF recorded ten consecutive days of net income, totaling $633. The weekly DApps income on the Ethereum network fell to $13 million, showing a wider decline in Solana and BNB Chain.
Ether (ETH) struggled to trade above $2,400 on Thursday, but the consistent flow into Ethereum spot exchange-traded funds (ETFs) reflected the bulls' attempts to regain momentum. The price of Ether rose to $79,000 alongside Bitcoin (BTC)'s recovery, prompting traders to question whether ETH will attempt a run to $3,000.
Spot ETH ETF Daily Net Flows, USD. Source: SoSoValue
On Wednesday, the ETH spot ETF completed 10 consecutive days of net gains, totaling $633 million. This shows that traders are gradually gaining confidence after ETH fell by 42% between January 28 and February 6. The collapse of the cryptocurrency market has reduced the demand for decentralized applications (DApps), which has been particularly difficult for ETH investors.
Weekly DApps revenue per chain, USD. Source: Defillama
DApp revenue on the Ethereum network dropped to $13 million in April, down 50% from six months ago. However, the decline in decentralized exchange (DEX) volumes has also weighed on other major competitors including Solana, BNB Chain and HyperLiquid. Cumulative weekly blockchain DApps revenue dropped to $73 million, down from $130 million in October 2025.
Ethereum is well positioned to capture the demand for DApps.
Despite its recent highs, ETH is down 22% year-on-year in 2026, while the broader cryptocurrency market capitalization is down 14%. Ether low performance It can be interpreted as a buying opportunity, especially since the Ethereum network remains the leader in Total Value Locked (TVL) and Layer-2 solutions have gained significant market share in DEX volumes.
Regardless of ETF earnings, bullish leveraged ETH spot demand has dropped to its lowest level in four months.
ETH 2-month future base rate. Source: Simplicity
The annual ETH monthly futures premium against regular spot markets (base rate) fell to 1% on Thursday, below the neutral threshold of 4%. Still, it's not fair to assume that professional traders are leaning toward support just because they lack confidence in the commodity markets. The uncertain macroeconomic environment could explain trader skepticism, especially after quarterly earnings from major tech companies disappointed investors.
IBM (IBM US) shares He came down Stocks plunged nearly 10 percent on Thursday due to investor concerns about heightened competition in the artificial intelligence sector, Yahoo Finance reported. In parallel, Morgan Stanley Cropped The price target is due to uncertainty over Oracle's (ORCL US) margin profile and the company's expanding investment in AI computing data centers.
Related: As BTC nears $80,000, BlackRock rolls up the 7-day Bitcoin ETF moving average.
ETH with BNB, SOL, AVAX. Source: Trading view
The speed of ether potential energy depends on this Reduced risk aversion To cryptocurrencies as the price chart shows striking similarities compared to some competitors. Recent Ether ETF revenues, while important, are not enough to justify the split, especially unless activity in the DApps sector shows signs of improvement.
There is no indication that ETH will be bound for $3,000, but the Ethereum network seems to be well positioned to capture the eventual adoption of decentralized computing.
