Ethereum Rally Fueled by Record $1.5B ETF Inflows, Targets $5,000+

Ethereum surged past $4,600, closing within 4% of its all-time high, as record spot ETF inflows of $1.5 billion over two days boosted market sentiment. BlackRock’s ETHA ETF leads with $10.5 billion in assets under management. Institutional investors are ramping up accumulation: BitMine Immersion aims to raise $24.5 billion to acquire up to 5% of ETH supply, while SharpLink closed a $389 million funding round. On-chain data from Santiment reveals retail profit-taking alongside corporate buying—a pattern that often precedes further gains. Fundamental metrics back the rally: total value locked (TVL) in Ethereum exceeds $90 billion, and derivatives open interest hits $12.1 billion, a multi-month high. ETF inflows have driven technical indicators, including MVRV bands, toward a $5,241 price target, and analysts note that a Bitcoin rally to $150,000 could propel Ethereum above $8,500. A sustained break above $4,750 could drive ETH toward $5,000 and beyond, underscoring its status as an institutional favorite amid this ’Ethereum season.’