Ethereum News Today: Ethereum Surges 8.35% on $1.01 Billion ETF Inflows and Institutional Buying

Ethereum is approaching the $5,000 threshold amid a wave of institutional inflows, driven by growing demand for spot Ethereum ETFs and increased activity from major financial institutions. Recent data shows Ethereum surging past $4,700, with BlackRock and Fidelity among the largest contributors. BlackRock’s ETHA ETF alone captured nearly 63% of total inflows, amounting to $1.01 billion in a single day [1]. This surge reflects a broader shift in investor sentiment, with institutional capital increasingly allocating to Ethereum, which is now outperforming Bitcoin in terms of growth and liquidity [2].

Technical indicators reinforce the bullish momentum. The RSI remains above 60, and the MACD has reached near-yearly highs, signaling strong buying pressure. On 4-hour charts, Ethereum is trading above all key exponential moving averages, supporting the continuation of the upward trend. Analyst Parshwa Turakhiya notes that the alignment of rising open interest, a strong trend setup, and converging moving averages point to a short-term upside bias, with the $4,869 level representing a critical breakout threshold [1].

Institutional participation is also evident in the futures market, where CME Ethereum futures reached an all-time high of $118 billion in monthly trading volume in July. Open interest currently stands at $6.04 billion, indicating growing long-term positioning by institutional players [1]. On-chain data further supports this trend, showing that strategic reserves and ETFs now control about 8% of Ethereum’s circulating supply, up from 3% in April. This concentration suggests a more stable and institutional-driven market, with entities like BitMine Immersion Technologies planning to raise $20 billion to increase their Ethereum holdings [2].

Despite this optimism, some short-term selling pressure has emerged. Whale tracking data reveals that the “7 Siblings” group sold $88.2 million worth of ETH in the past 15 hours, while the Ethereum Foundation offloaded 2,795 ETH, valued at $12.7 million, during recent price highs. These sales, however, are largely attributed to short-term traders securing profits, with long-term holders remaining largely inactive [1].

Looking ahead, analysts offer varied but generally optimistic forecasts. Some predict Ethereum reaching $6,000 by late 2025, driven by institutional adoption and Ethereum ETFs, as well as upcoming upgrades like Danksharding, which is expected to enhance network scalability [1]. More ambitious projections suggest a $10,000 price target by 2026, contingent on continued market adoption and favorable macroeconomic conditions [2]. These forecasts, however, remain speculative and subject to market volatility.

At the time of reporting, Ethereum is trading at $4,707, an 8.35% increase in the last 24 hours [2]. A successful break above $4,869 could attract further institutional buying, while a failure to hold the $4,386 support level may lead to a short-term pullback. The next few weeks will be crucial in determining whether Ethereum can sustain its upward trajectory and challenge its all-time high.

Source:

[1] https://www.ainvest.com/news/ethereum-news-today-ethereum-nears-5-000-etf-inflows-surpass-1-billion-24-hours-2508/

[2] https://bravenewcoin.com/insights/ethereum-eth-price-prediction-record-breaking-institutional-inflows-could-ignite-10k-breakout