Ethereum Tops $3,700 on Record $2.18B Spot ETF Inflows Amid Institutional Demand
Ethereum spot ETFs recorded a record $2.18 billion inflow last week, marking a 12th consecutive day of net subscriptions and outpacing Bitcoin ETF outflows. The surge lifted ETH above $3,700, its highest level since January. Technical indicators, including a descending broadening wedge near $3,741, point to a potential bullish breakout. Five major issuers—VanEck, Invesco, ARK 21, WisdomTree and Fidelity—filed SEC amendment proposals to enable in-kind creation and redemption, boosting ETF efficiency.
Ethereum also retains a dominant $125.9 billion share of the stablecoin market. Institutional confidence is growing: gaming firm SharpLink has allocated over $1 billion to ETH and plans to stake its holdings, while public companies integrate ETH into their treasuries. Bitcoin critic Peter Schiff called the rally a “bubble” and urged traders to swap ETH for BTC. Contrasting this, analysts forecast Ethereum could reach $8,000–$10,000 on sustained institutional demand and ETF approval progress. Traders should watch ongoing ETF inflows, SEC developments and key technical levels to assess short-term momentum and long-term growth.
Bullish
Record $2.18B spot ETF inflows and a break above $3,700 demonstrate strong buying pressure and renewed institutional interest. Technical setups suggest further upside, while SEC amendment proposals could enhance ETF liquidity. Despite bearish comments from Peter Schiff, substantial institutional allocations and optimistic analyst targets of $8,000–$10,000 support a bullish outlook. Short-term momentum is driven by ETF demand; long-term growth hinges on broader adoption and regulatory progress.