Ethereum's Ether Price Poised for Rally as Institutional Inflows Surge 43%

Ethereum’s native token, Ether, has been trading within a range of $2,300 to $2,800 for the past 30 days. Veteran chart expert Peter Brandt has identified a market structure that could signal the end of this sideways phase and pave the way for a significant rally. Brandt noted that Ether has transitioned from a descending channel to a symmetrical triangle structure, a pattern that historically indicates consolidation before a strong upsurge.

According to Brandt, Ethereum’s price has been confined within a descending channel since December 2024, when it surpassed the $4,000 milestone. During this period, the price action was bounded by resistance at the upper end and support at the lower end. Key levels, such as $3,700 in January and $1,390 in April, were tested. However, after breaking out of this channel in mid-April, Ethereum began forming a symmetrical triangle pattern, which often precedes a strong upward movement.

Brandt’s analysis suggests that Ethereum might be setting up for an even bigger rally, commenting, “Every dog has its day — woof woof ETH.” This optimistic outlook is supported by the recent uptick in exchange-traded fund inflows, reflecting strong trader confidence and sustained bullish momentum in the current market. Global Ether-based investment vehicles have continued their winning streak, with net inflows of over $295 million last week. This represents the strongest run of inflows since last November and marks a significant recovery in sentiment among investors.

U.S.-listed spot Ether exchange-traded funds (ETFs) have also posted their longest positive streak yet, drawing in a staggering $837.5 million since May 16. This reflects institutional conviction in the altcoin, despite its price being 43% below its all-time high. If the positive trend continues in the next week, net inflows since the products debuted last year could cross $1 billion, a key psychological and market milestone for Ethereum bulls.

Ask Aime: Will Ether's symmetrical triangle signal a massive rally?

This influx of capital into Ethereum-based investment vehicles underscores the growing institutional interest in the cryptocurrency, which could further fuel its price rally. Brandt's analysis, combined with the strong inflows into Ether-based investment vehicles, suggests that Ethereum is on the cusp of a significant price movement. The symmetrical triangle pattern, along with the renewed optimism and institutional interest, provides a compelling case for a potential moonshot rally to new highs. However, it is important to note that market conditions can change rapidly, and investors should exercise caution and conduct their own research before making any investment decisions.