Ethereum Nears ATH on Record ETF Inflows and Buying Plans
Ethereum (ETH) is trading near its November 2021 all-time high of $4,891, currently around $4,625 as record spot Ethereum ETF inflows and institutional demand tighten supply. Spot ETF products saw over $2 billion in inflows last week, including $1.54 billion in two days, boosting BlackRock’s ETHA to $10.5 billion AUM. Corporate buyers such as BitMine Immersion and SharpLink have outlined plans to acquire up to $24.5 billion and $389 million of ETH, respectively. On-chain metrics support the rally: daily transactions exceed 1.7 million, 29.5% of ETH supply is staked, total value locked tops $90 billion, and derivatives open interest stands at $12.1 billion. Analysts set price targets from $5,241 based on MVRV to above $8,500 if Bitcoin (BTC) climbs to $150,000. Technical indicators show a bull flag pattern, with resistance at $4,891 and a key breakout level at $4,750. Other major altcoins like SOL, ADA and LINK lag behind, underscoring an “Ethereum season.” Traders should monitor ETF flow trends, staking metrics, volume and macro factors such as Fed policy and dollar strength.
Bullish
These developments are bullish for Ethereum. Record ETF inflows and large-scale corporate purchase plans are reducing circulating supply and fueling demand. On-chain metrics like high transaction volumes, rising staking rates, and increasing TVL reinforce positive fundamentals. Technical indicators such as the bull flag pattern point to a potential breakout above key resistance levels at $4,891 and $4,750. Analyst price targets ranging from $5,241 to $8,500 further support upside momentum. While macro factors like Fed policy and dollar strength could introduce volatility, the strong institutional interest and robust network activity indicate sustained bullish pressure on the Ethereum price in both the short and long term.