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    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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      Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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    Ethereum ETF Inflows Cross $320M, Is a Major ETH Price Rally Ahead?

    Story Highlights
    • Ethereum jumps 6.5% as ETH breaks key resistance and outpaces top cryptos in daily gains.

    • BlackRock’s ETH ETF hits $5B market cap with record volume and $320M+ in inflows since July 7.

    Ethereum is making headlines again. In the last 24 hours, ETH price jumped by 6.5%, outperforming major cryptocurrencies like Bitcoin (BTC), XRP, and Solana (SOL). This bullish momentum coincides with a massive spike in trading volume for BlackRock’s spot Ether ETF, ETHA.

    Ethereum Price Breaks Key Resistance

    Ethereum is currently trading at $2,790.78, after gaining more than 6% in a single day and 7.3% over the past week. Experts believe a clean breakout above the $2,750 resistance zone could spark another sharp rally.

    While ETH is slightly down by 0.2% in the last hour, overall momentum remains strong, especially as institutional interest is pouring in.

    BlackRock’s ETH ETF Sets New Record

    BlackRock’s spot Ether ETF (ETHA) is now the top ETH-backed ETF by market cap, sitting at $5.06 billion. It currently holds over 1.83 million ETH, with a 7-day increase of +2.52% (45,182 ETH), according to Coinglass.

    Key ETF Stats:

    • Wednesday Volume: 43M shares (highest since launch)
    • Tuesday Volume: 24M shares
    • 30-Day Avg Volume: 18.83M (up from 12.97M in June)
    • Latest Net Inflow: +$158.6M
    • Total Inflows Since June: Over $1.3 Billion
    • Spot ETH ETF Market Inflow (Wednesday): +$211.3M

    Investor appetite is rising. Since July 7, more than $320 million has flowed into Ethereum ETFs.

    Why Ethereum Looks Bullish

    • Strong price action
    • ETF demand reaching record highs
    • Massive capital inflows from institutions
    • Rising 30-day trading volume

    Ethereum’s latest price surge is backed by real institutional demand. With BlackRock’s ETH ETF setting new volume records and investor inflows climbing daily, ETH could be gearing up for its next big breakout.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    Why is Ethereum (ETH) price up today?

    Ethereum’s price is up today due to a combination of factors: surging institutional demand through spot Ether ETFs (like BlackRock’s ETHA), reduced circulating supply from staking and token burns, and positive macroeconomic tailwinds.

    What are the bullish indicators for Ethereum’s future price?

    Strong indicators include high institutional demand, record ETF inflows, rising 30-day trading volume, and a clear breakout above the $2,750 resistance zone, suggesting potential for a significant rally.

    Is Ethereum a good investment?

    As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment. 

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