- Ethereum ETFs see $800M in inflows as ETHA leads with $3.7B AUM, despite recent price decline.
- ETH forms a bullish flag pattern; a confirmed breakout could target $4,097 in the mid-term.
- Reclaiming $2,800 may trigger a rally toward $4,000, supported by golden crossover and rising dominance.
Ethereum continues to trade within a defined range as analysts monitor a possible mid-term setup that could trigger the next major move. The current structure suggests that after a successful rally from recent lows, ETH may now be retesting key support before another potential breakout toward the $4,000 resistance area.
Institutional Inflows and ETF Momentum Strengthen Ethereum’s Outlook
According to Nate Geraci, President of The ETF Store, Ethereum spot ETFs have recorded net inflows for 14 consecutive trading days. These inflows have totaled over $800 million, with BlackRock’s ETHA fund leading the market.
ETHA alone has gathered $3.7 billion in assets and saw $34.7 million in single-day inflows, showing strong institutional interest. This trend is reinforced by SoSoValue data, which confirms over $9.4 billion in total assets under Ethereum ETFs.
These flows suggest consistent accumulation, even as ETH’s price has declined by nearly 6% over the past two weeks. The support from traditional finance, particularly for Ethereum’s role in asset tokenization, continues to drive long-term interest in the network.
Technical Patterns Show Breakout Potential After Retest
According to analysis prepared by Crypto General, Ethereum has entered the second phase of a mid-term bullish cycle. The ETH/USD daily chart shows a bullish flag pattern forming after a surge to $2,743 in May. This formation, if confirmed, could result in a breakout targeting around $4,097.
Other technical signals also support the potential for a continuation. A golden crossover has appeared, as the 50-day and 200-day Weighted Moving Averages have intersected. Historically, this crossover has resulted in price surges. Meanwhile, ETH dominance has grown to 9.3%, and its RSI suggests hidden bullish divergence.
As per Amelia Lisa’s observation on X, reclaiming the $2,800 level may open the door to $4,000. The mid-term structure remains intact, and analysts suggest another upward push is possible once the current retest completes.
