Ethereum News Today: Ethereum ETFs Attract $5.12B Inflows as ETH/BTC Ratio Rises 36% Near $4K Breakout

Ethereum (ETH) has emerged as a focal point for institutional investment, with billions of dollars funneled into the asset as market participants anticipate a breakthrough above the $4,000 psychological level. U.S. spot Ethereum exchange-traded funds (ETFs) have seen a record $5.12 billion in net inflows since the start of the month, driven by aggressive accumulation from entities like BlackRock. The firm’s ETHA ETF alone attracted $3.83 billion in monthly inflows, swelling its net assets to $10.69 billion. BlackRock’s digital assets unit has also been linked to a $295 million purchase of 77,210 ETH through Sharplink Gaming Ltd., a firm recently infused with leadership from the same unit [1]. This institutional activity underscores a growing conviction in Ethereum’s deflationary tokenomics and its potential to outperform Bitcoin, with the ETH/BTC ratio rising 36% in recent weeks [7].

Ethereum’s price action aligns with this optimism. Over the past five weeks, the asset has posted consecutive local highs, trading within a $4,100–$3,900 consolidation range. This zone has been a battleground for volatility since March 2024, but on-chain data reveals robust accumulation. The altcoin season index from Coinglass has signaled a potential broader market upswing, supported by a weekly RSI above 70—the first such level since March 2024—and a bullish MACD crossover above the zero line [1]. Analysts note that the MACD histogram’s ascent to new highs reinforces the case for a breakout. However, sustained closes below the hypotenuse of Ethereum’s macro ascending triangle pattern could invalidate the bullish thesis [1].

Technical analysts, including Dan Gambardello, highlight Ethereum’s adherence to a rising logarithmic trend. While a mid-term pullback cannot be ruled out, Gambardello anticipates a retest of key support levels before a potential run toward the all-time high of $4,878. He further posits that if bullish conditions hold, Ethereum could surge beyond $10,000, with a long-term target of $16,900 [1]. This outlook is tempered by immediate risks, including potential long liquidations of $7.8 billion if prices dip below $4,000 and $1.2 billion in short risks above resistance [6].

The market’s psychological threshold at $4,000 has historically acted as a catalyst for further gains. Some analysts predict a test of this level as early as the current week [5], with a successful break potentially triggering a broader altcoin rally. However, mixed signals persist: HashKey Capital’s 12,000 ETH sell-off contrasts with accumulation trends, highlighting the tug-of-war between institutional buyers and profit-taking activity [4].

Despite these dynamics, Ethereum’s market cap of $469 billion reflects sustained confidence. With institutional inflows showing no signs of abating and technical indicators broadly favoring the bulls, the cryptocurrency remains a pivotal asset in the evolving crypto landscape [1].

Sources:

[1] [Billions in Institutional Money Bets Ethereum to Break $4,000 This Time](https://coinedition.com/billions-in-institutional-money-bets-ethereum-to-break-4000-this-time/)

[4] [Hashkey Sells 12K ETH as Ethereum Hits 'Interesting Spot'](https://www.coinspeaker.com/hashkey-sells-12k-eth-ethereum-price-zone/)

[5] [ETH Eyes Massive Rally Beyond ATH as NasdaqBTC CEO...](https://bravenewcoin.com/insights/ethereum-eth-price-prediction-eth-eyes-massive-rally-beyond-ath-as-nasdaqbtc-ceo-sees-institutional-surge-like-bitcoin)

[6] [3 Altcoins at Risk of Major Liquidations in the Last Week...](https://beincrypto.com/altcoins-liquidations-risk-last-week-july/)

[7] [Ethereum May Outperform Bitcoin as Institutional Demand...](https://www.ainvest.com/news/ethereum-news-today-ethereum-outperform-bitcoin-institutional-demand-drives-50-surge-2507/)