Ethereum News Today: Ethereum Gains 1.11% on $219M ETF Inflows as Bitcoin Holds Near $118,500

Bitcoin maintains stability near $118,500, having consolidated above the key $117,250 support level. The asset shows limited volatility, with technical indicators suggesting a range-bound pattern. Resistance lies near $119,000–$120,000, while support remains at $116,000. According to on-chain data and price charts, Bitcoin is currently neither showing strong bearish nor bullish signals. Traders are monitoring whether BTC can sustain the $118,500 level and potentially break through it to regain bullish momentum and target $120,000 [1].

Ethereum, on the other hand, is leading the market with notable gains, fueled by strong inflows into Ethereum-based exchange-traded funds (ETFs). As of the latest data, Ethereum ETF inflows reached $219 million, compared to a drop in Bitcoin ETF inflows to $80 million from nearly $157 million previously. This suggests growing institutional interest in Ethereum. The price of ETH rose 1.11% to $3,868, supported by developments such as ETH Strategy’s $46.5 million fundraise and BTCS Inc.’s $2 billion Ethereum treasury expansion [3].

Analysts have noted Ethereum’s strengthening performance above $3,820, attributing it to institutional moves and favorable macroeconomic conditions. “The market appears to be in a consolidation phase, with traders cautiously optimistic about Ethereum’s upside,” said Riya Sehgal, Research Analyst at Delta Exchange [2]. The trend of Ethereum outperforming Bitcoin is reminiscent of previous “alt seasons,” where alternative cryptocurrencies gain traction amid strong inflows and positive sentiment.

The broader crypto market has seen a slight uptick in capitalization, rising 0.28% to $3.89 trillion. Altcoins are mixed, with XRP, Sui, Stellar, Chainlink, and others trading up between 0.2% and 4.5%, while BNB, Solana, Dogecoin, and others declined [3]. This divergence reflects a shift in investor preference toward Ethereum and other altcoins, particularly in the decentralized finance (DeFi) and smart contract sectors.

Regulatory developments also played a role in shaping market sentiment. The White House released a 163-page crypto strategy report outlining policy proposals under the GENIUS and Clarity Acts, including CFTC oversight of non-security tokens and a push against a U.S. central bank digital currency (CBDC). However, details on the Strategic Bitcoin Reserve remain unclear [4]. Analysts suggest that regulatory clarity and growing adoption are positive long-term factors for the market.

Looking forward, investors will be watching for further ETF inflows, regulatory updates, and macroeconomic data that could influence institutional and retail behavior. For now, Ethereum appears to be the focal point of bullish activity, while Bitcoin remains in a holding pattern, awaiting a potential catalyst for a new upward move [2][3][5].

Source:

[1] XT.com

[2] blockes.news

[3] thefinrate.com

[4] CoinYas

[5] CoinGecko