Ethereum News Today: Ethereum Surges 17% Weekly on Record ETF Inflows and Institutional Demand

Ethereum (ETH) is showing signs of significant bullish momentum amid record inflows into Ether-based exchange-traded funds (ETFs) and strong institutional buying activity. At press time, ETH is trading near $4,300, with a 24-hour trading volume of $39.2 billion and a weekly gain of 17%. The price is approximately 12% below its all-time high of $4,878 set in November 2021. Recent data indicates that Ethereum has surged in global market capitalization rankings, now occupying 22nd place, surpassing major corporations like Mastercard and Netflix [1].

The record $1.01 billion in net inflows to Ether ETFs on Monday marked a historic milestone, with BlackRock’s iShares Ethereum Trust ETF (ETHA) and Fidelity’s Ethereum Fund (FETH) attracting $640 million and $277 million respectively. These inflows underscore the growing institutional demand for Ethereum exposure. Analysts have noted that ETF demand has outpaced expectations and that Ethereum is increasingly being seen as foundational to future financial markets [1].

On-chain activity further supports bullish sentiment. Lookonchain reported that a single entity accumulated over 312,000 ETH, worth about $1.34 billion, from top liquidity providers in just eight days. Exchange reserves are near historic lows, and 30% of the ETH supply is currently staked. Additionally, corporate Ethereum holdings are rising, with BitMine Immersion (BMNR) now holding over 1.15 million ETH, valued at $4.9 billion, an increase of 317,000 ETH in one week [1].

Technical indicators highlight both strength and caution. The RSI is currently at 73, indicating overbought conditions, while the price remains above the upper Bollinger Band at $4,344. Analyst ZYN suggested that a local top could occur around the $4,800–$5,000 range [1]. Open interest in ETH derivatives on Binance is at $10 billion, up 46% in 30 days, with short positions increasing by 500% year-on-year. Crypto Patel noted that a breakout above $4,400 could trigger a short squeeze, potentially propelling the price higher [1].

Analysts have provided various price targets. According to pricing band models, Ali has identified $5,210 and $6,946 as possible longer-term targets. Shorter-term resistance is near $4,344, with a stronger barrier between $4,400 and $4,450. A sustained close above these levels could lead to a move toward $4,800–$5,000 [1]. Meanwhile, support is expected in the $4,150–$4,200 range, with further support near $3,950 in the event of a deeper pullback.

The broader market context includes expectations of interest rate cuts, looser liquidity rules, and potential inflows from institutional and retirement funds. Ether Wizz highlighted that while the altcoin market is approaching a resistance level it previously rejected, current conditions—such as increased liquidity and stronger momentum—could support a breakout [1]. However, market forecasts remain speculative, and rapid shifts due to macroeconomic or regulatory changes could alter the trajectory. Analysts stress the importance of combining technical indicators, on-chain data, and macroeconomic factors to form a comprehensive view of Ethereum's price direction [1].

Source: [1] [Ethereum (ETH) Price Prediction: Can Bulls Push Past $5,000 on the Back of Massive ETF Inflows?](https://coinmarketcap.com/community/articles/689b0be5be4ae366a78a0852/)