Ethereum spot ETFs see $117 million inflows as ETH hovers near $2,900 and eyes $3,000 level

On 26 January, U.S. spot Ethereum ETFs recorded $117 million in net inflows, with Fidelity adding $137 million while BlackRock saw net outflows. As ETH traded around $2,908 and network fees fell to their lowest level since May 2017, liquidity support formed near $2,900 and $2,850, but weak momentum indicators cast doubt on a clean break above $3,000.