Ethereum ETF Inflows Top Bitcoin; ETH Bullish on 33% Upside
Ethereum ETF inflows topped Bitcoin ETFs over six trading days, drawing $2.39B versus $827M. BlackRock’s ETHA led with $1.79B (75%), and Fidelity’s FETH set a $210M single-day record. Meanwhile, Bitcoin ETFs saw a $131M outflow, ending a 12-day inflow streak. Institutional demand strengthened as BitMine Immersion Technologies added $2B in ETH, lifting corporate holdings to 2.31M ETH (~1.9% of supply). On-chain data and technical analysis reinforce the bullish case. Bitcoin formed a falling wedge targeting $134,106 (+16%), while Ethereum traces a descending triangle aiming at $4,832 (+33%). Analysts at Swissblock expect Ethereum ETF inflows to maintain momentum into the next market phase. Michael Novogratz forecasts ETH will outperform BTC and hit $4,000 soon. These robust Ethereum ETF inflows, combined with institutional adoption and positive technicals, underscore a bullish outlook for ETH trading.
Bullish
Record Ethereum ETF inflows coupled with robust institutional purchases and bullish technical patterns suggest strong buying pressure for ETH. In the short term, ETF inflows may fuel price spikes as traders chase yields in ETHA and FETH products. The bullish wedge and descending triangle formations indicate potential breakouts to $4,832 for ETH and $134,106 for BTC. Over the long term, sustained institutional adoption and ETF momentum are likely to support higher ETH valuations, reinforcing confidence among market participants and possibly narrowing the performance gap with Bitcoin.