Ethereum Tops $2,300 as ETH ETFs Log $212M Inflows, Total Net Assets Reach $13.63B

Ethereum climbed above $2,300 as ETH exchange-traded funds recorded roughly $212M of inflows from March 10–13, including $115.85M on March 12 and an additional $35.90M on March 16, bringing total net assets to $13.63B. Exchange balances of ETH are hovering near decade lows, Bitmine's holdings have reached 4.6M ETH with purchases of around 60K ETH per week, and long-term holders are accumulating rather than selling. The Pectra upgrade is live, more than 100 Layer 2 networks are active, and the top 10 networks see over 31M daily transactions, while the ETH/BTC ratio remains close to cycle lows at 0.03.