Ethereum ETF Mania: ETH Targets $4,000—Will Key Record Break?
Ethereum on Fire: ETH Heads Toward $4,000
Ethereum is back in the spotlight. After six straight days of gains, ETH hit $3,580, its highest level since January 7. This impressive run has caught the attention of investors around the world. But it's not just the price that’s rising – interest in Ethereum ETFs is also booming.
Key Points
• Ethereum is up more than 158% since its May low
• Spot Ethereum ETFs saw a record $2.1 billion in inflows last week
• BlackRock's ETHA ETF holds $9.17 billion, leading the pack
• Technical indicators show strong upward momentum
• ETH may reach $4,000 soon, though a short pullback is possible
What’s Fueling Ethereum’s Rise?
Ethereum’s recent rally is closely tied to the explosion in spot ETF interest. According to data from SoSoValue, Ethereum ETFs added a massive $2.1 billion in just one week. That’s more than double the previous week's $907 million. It's also the tenth week in a row that investors have poured money into these ETFs.
Since they were approved in September last year, these ETFs have gained over $7.49 billion in total inflows. This shows how much confidence is growing in Ethereum’s long-term potential.
BlackRock’s ETHA ETF Takes the Lead
One major player stands out – BlackRock. Its ETHA ETF now holds $9.17 billion in assets, nearly half of all Ethereum ETF funds. That kind of weight from a big institution adds a strong layer of credibility to Ethereum.
More Reasons Behind the Rally
The ETF momentum isn’t the only factor behind ETH’s recent gains. Several other things are working in Ethereum’s favor:
• The GENIUS Act was signed, supporting crypto innovation in the US
• SharpLink, a growing corporate holder, continues to accumulate ETH
• The overall mood in the crypto market has been positive
All of this has created a strong environment for Ethereum to thrive.
Other Numbers That Matter
Ethereum futures are also seeing heavy activity. Open interest, which tracks the number of open futures contracts, hit a record $51 billion last week. That’s up from just $28 billion last month.
More bullish signals include:
• Stablecoin supply is now at an all-time high of $130 billion
• Total value locked in DeFi platforms has climbed above $178 billion
These numbers show that more money is flowing into Ethereum and its ecosystem.
What the Charts Are Telling Us
From a technical point of view, Ethereum is in a strong uptrend. It has more than doubled from its April low of $1,382 to above
$3,500.
Key indicators include:
• A golden cross, which occurs when the 50-day moving average crosses above the 200-day moving average, has formed
• The Relative Strength Index (RSI) is rising, showing strong demand
• The Average Directional Index (ADX) has jumped to 38, its highest since May, indicating that the current trend is strong
With this setup, Ethereum’s next big target is $4,000. However, because ETH is now overbought, a small pullback might happen before the next big move.
Should You Be Excited or Cautious?
Ethereum’s price movement is impressive, and the long-term outlook remains positive. Still, if you’re a short-term trader, it’s wise to watch out for possible dips. For long-term holders, this rally could just be the beginning of something bigger.