Ethereum Price Soars 158% on $7.5B ETF Inflows, Eyes $4K
Ethereum price has accelerated since May lows, surging 158% to around $3,580. It is driven by record spot Ether ETF inflows—$2.1 billion this week, the largest weekly figure since launch, extending a ten-week streak and lifting cumulative ETF assets to $7.49 billion. BlackRock’s ETHA leads with $9.17 billion under management. On-chain data strengthened: daily transaction volume jumped 280% to about $5 billion; DeFi TVL topped $80 billion; stablecoin supply surpassed $130 billion; DeFi assets exceeded $178 billion; and futures open interest hit a record $51 billion. Additional support came from the GENIUS Act and corporate accumulation by SharpLink. Technical indicators signal bullish momentum with a golden cross on the 50- and 200-day moving averages, a rising RSI at 84, and an ADX at 38. After breaking above the $3,250–$3,500 resistance zone and rebounding from $2,500 support, traders now eye the $4,000 psychological level and a potential target near $4,105. However, overbought conditions suggest a possible short pullback in the Ethereum price before the uptrend resumes.
Bullish
This news is bullish for ETH. Record ETF inflows and growing institutional demand signal strong buying pressure, lifting market sentiment. On-chain metrics—rising transaction volumes, DeFi TVL expansion, and stablecoin supply growth—underline robust network activity and liquidity. The technical breakout above key resistance and a golden cross reinforce momentum, pointing to potential further gains. In the short term, overbought RSI warns of a minor pullback, but long-term drivers such as ETF adoption, legislative support, and corporate accumulation suggest sustained upward pressure on the Ethereum price.