Ethereum News Today: Ethereum Surges 5.08% on $1 Billion Institutional ETF Inflows

Ethereum has surged to $4,499.04, inching closer to its psychological $5,000 level, driven by a record $1 billion in institutional purchases of spot Ethereum ETFs. On-chain data from Arkham indicates that major financial institutions such as BlackRock, Fidelity, and Grayscale have led the buying, with $640 million, $270 million, and $80 million in ETH purchases, respectively, over a few days [1].

This influx of capital has intensified speculation about Ethereum’s potential to break out of a four-year consolidation phase. Analyst TedPillows has drawn comparisons to Bitcoin’s early institutional adoption phase, calling the current moment Ethereum’s “Michael Saylor” event [1]. Similarly, MerlijnTrader notes that the accumulation zone between $3,000 and $4,000 resembles a pre-breakout pattern that historically led to explosive gains, including a 20x rise in Ethereum’s price during 2016–2017 [1]. If the $4,150–$4,300 resistance level is broken decisively, some analysts project price targets between $20,000 and $30,000, assuming sustained momentum [1].

Ethereum’s price action reflects strong short-term optimism. Over the past 24 hours, it has gained 5.08%, and over the past week, 25.69%. The circulating supply of 120 million ETH supports a market cap above $543 billion, with a 24-hour trading volume of $46.6 billion, underscoring heightened market participation [1].

The institutional buying spree has also fueled broader bullish sentiment. As of early August, Ethereum reached $4,506.22—its highest level since late 2021—with 97% of ETH holders in profit [2]. This data reinforces a growing sense of confidence, particularly among traders and institutional investors, who view the current ETF-driven inflow as a potential catalyst for a new bull market [2].

Further speculation has been stoked by reports that mining firm Bitmine is exploring a $20 billion Ethereum treasury expansion, though no official confirmation has been provided [1]. If realized, such a move could add significant upward pressure on Ethereum’s price structure, amplifying the current bullish momentum.

Despite the optimism, analysts caution that the market remains in a critical phase. Breaking through key resistance levels will be crucial to confirming the strength of the move. Until that happens, traders are advised to monitor both on-chain flows and broader macroeconomic indicators for potential volatility [3].

The surge in institutional buying highlights Ethereum’s growing acceptance in mainstream financial markets. Whether this trend continues and whether ETH can reach $5,000 and beyond will depend on a combination of sustained inflows, market sentiment, and regulatory clarity in the ETF space [4].

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Source:

[1] Coin – [https://coinedition.com/ethereum-price-inches-closer-to-5000-as-institutions-as-institutions-pour-1-billion-into-eth/](https://coinedition.com/ethereum-price-inches-closer-to-5000-as-institutions-as-institutions-pour-1-billion-into-eth/)

[2] TradingNews – [https://www.tradingnews.com/news/ethereum-price-hits-4506-usd-as-etf-ptimisim-whale-demand-trigger-breakout](https://www.tradingnews.com/news/ethereum-price-hits-4506-usd-as-etf-ptimisim-whale-demand-trigger-breakout)

[3] The – [https://m.economictimes.com/news/international/us/ethereum-price-nears-4400-97-of-holders-in-profit-is-the-worlds-second-largest-cryptocurrency-heading-to-7000/articleshow/123237669.cms](https://m.economictimes.com/news/international/us/ethereum-price-nears-4400-97-of-holders-in-profit-is-the-worlds-second-largest-cryptocurrency-heading-to-7000/articleshow/123237669.cms)

[4] bitFlyer – [https://bitflyer.com/ja-jp/virtual-currency-chart](https://bitflyer.com/ja-jp/virtual-currency-chart)