Ethereum exchange-traded funds (ETFs) just saw their strongest week since the July 2024 launch, with net inflows totaling nearly $908 million. Institutional capital pours in as Ethereum’s price rose, putting up a 17% week and breaking above the key $3,000 threshold for the first time since February 2025.
Ethereum tops $3,000 as ETF inflows hit record highs.
As per statistics, Ethereum ETFs grew $907.99 million in the last week, their best week ever. July 10 was the biggest one-day inflow when $383.10 million flowed into the market. July 9 and 11 also made their way into the top 10 inflow days with $211.32 million and $204.82 million in inflows, respectively.
Nate Geraci, head of The ETF Store, called the week a watershed moment for Ethereum ETFs, as it saw three of the top 10 biggest inflow days in their history.
BlackRock’s iShares Ethereum Trust (ETHA) led much of this inflow, adding $156 million of ETH on July 10 more than its Bitcoin ETF added on the same day. ETHA now has more than 2 million ETH valued at over $300 million.
Bloomberg’s wrote about ETHA’s pace, stating that the fund was sixth overall for U.S. ETFs in weekly inflows, describing it as a clear indicator that Ethereum is gaining serious institutional interest.
Ethereum Shows Bullish Indicators
Technically, Ethereum is giving strong bullish indications. The ETH price recently broke out of a bull flag pattern on the daily chart, indicating a continuation towards a probable target of $4,000.
The breakout was accompanied by rising volume and a strong close above the $2,742 resistance level, with the base of the flag running from $1,540 to that breakout point. This poses a possible 78% rally if the pattern goes to completion.
Open interest in Ethereum futures has also risen, hitting a multi-month high of $42 billion. Meanwhile, derivative volumes rose 39% to $126 million, indicating rampant speculation.
Coinglass reports indicated that more than $219 million worth of short positions were liquidated in 24 hours, adding to the further upward pressure.
Ethereum’s Relative Strength Index (RSI) currently sits at 71, within overbought levels yet still below its previous highs. Historically, in cycles, ETH has gone above an RSI of 80 before it turned back, and there may still be room for upwards movement.
Institutional buying, technical breakouts, and a positive on-chain setting are all converging to push Ethereum’s momentum. With ongoing ETF inflows and increasing market appetite, ETH may be well-positioned to challenge new all-time highs in the near future.
Also Read: BlackRock Now Manages Over 2 Million Ethereum in ETF
