Ethereum is continuing its upward trajectory with record inflows into ETFs. Analysts predict further increases for ETH based on positive market signals.
Ethereum ETF Sets New Inflow Record
On Monday, Ethereum-based ETFs recorded their largest daily net inflow, totaling $1.01 billion, according to Farside Investors. This surpassed Bitcoin ETFs, which attracted $178 million. BlackRock’s iShares Ethereum Trust (ETHA) led the session with $640 million in inflows, followed by Fidelity’s Ethereum Fund (FETH) with $277 million.
Positive Signals for Ethereum Growth
Ethereum’s price has climbed 45% in the last month. The exchange-held ETH dropped to 15.28 million — the lowest since November 2016 — indicating reduced selling pressure. Analyst Ali Martinez notes a shift from capitulation to confidence among long-term holders over the past four months.
Outlook and Potential ETH Targets
Ethereum recently hit $4,330 — a high not seen since December 2021. Analysts eye the previous all-time high of $4,950 as the next key level. Predictions include targets of $5,210 and $6,946, while analyst Lord Hawkins notes a Wyckoff Accumulation breakout that could push ETH to $6,000 after a possible pullback. Crypto analysts such as Crypto Rover and Titan of Crypto highlight ETH's breakout from a multi-year symmetrical triangle, which could fuel a move towards $8,000 in the coming months. Historical examples support the bullish case.
While the market sentiment is overwhelmingly positive, analysts caution short-term traders about the possibility of profit-taking at key resistance levels. However, record ETF inflows, decreasing exchange supply, and strong technical setups provide a compelling case for continued upward movement for Ethereum.
