Ethereum Holds Firm as ETF Inflows Surge

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Ethereum (ETH) is holding steady at $3,616 despite a -2.24% dip, showing signs of healthy consolidation within a strong uptrend. Backed by steady institutional inflows, particularly from BlackRock’s iShares Ethereum exchange-traded fund (ETF), ETH remains technically positioned for a move higher, potentially toward the $3,800 mark. Alternatively, if bearish pressure increases, a pullback to the $3,400 support zone remains possible.

Currently, ETH is trading between $3,568 and $3,725. Despite the day’s decline, Ethereum maintains a bullish posture above all key exponential moving averages (EMAs): the 20-day at $3,539, the 50-day at $3,136, the 100-day at $2,828, and the 200-day at $2,693. This structure indicates underlying strength, even amid market noise.

Technical indicators support this outlook. The Relative Strength Index (RSI) sits at 60.95, signaling neutral-to-bullish momentum with room for growth. The Moving Average Convergence Divergence (MACD), while slightly negative at -35.25, still shows a rising histogram at 270.03, suggesting momentum is building. Meanwhile, an Average True Range (ATR) of 2,540 points to elevated volatility, meaning sharp price moves are likely once this current phase of consolidation ends.

Volume also remains steady at 31,400 ETH, driven largely by institutional interest. This is reflected in the inflows into Ethereum-based ETFs, with BlackRock’s iShares ETH ETF alone bringing in $17.65 million in daily inflows. According to data from SosoValue, total ETF inflows across nine ETH ETFs reached $29.83 million, while BlackRock now holds approximately 3.03 million ETH, worth $11.04 billion, amounting to 2.5% of Ethereum’s total supply. That level of accumulation creates noticeable supply pressure and reinforces ETH’s longer-term potential.

This wave of institutional interest has helped Ethereum recover from its spring lows. After bottoming out at $1,385 in April, ETH has gained over 168%. Even the earlier correction from $3,298 to $1,823 in Q1 2025 ultimately laid the groundwork for institutional accumulation and subsequent gains. June’s 51.8% rally alone marked Ethereum’s strongest monthly performance since 2022.

Support levels remain clear and solid. Immediate support lies at $3,568, close to the 20-day EMA. Further backup comes from the 50-, 100-, and 200-day EMAs, providing 13% to 25% downside cushion. Resistance starts at $3,725, with stronger ceilings at $3,800 and $3,900. A breakout above $4,000 would mark a return to cycle highs, though it will require strong volume to sustain.

In summary, Ethereum’s fundamentals remain intact. With strong EMA support, historical resilience, and record-breaking ETF inflows, ETH is well-positioned to either stabilize at current levels or push toward new highs if momentum holds.