Claim BonusWeekly Ethereum ETFs Inflows Turn Positive as Ethereum Price Eyes $3,000 Retest
Highlights
- Ethereum ETFs post the first weekly net inflow of $49 million, sparking hope of recovery.
- Based on the IOMAP model, ETH holds above crucial support between $2,292 and $2,368, indicating a bullish outlook.
- The futures open interest rise and the volume support Ether’s bullish case toward $3,000.
- Sluggish sentiment amid mounting recession fears and geopolitical tensions pose key threats to Ethereum's resurgence.
Ethereum ETFs have rebounded from Monday’s steep decline, with weekly volume turning positive despite broader market uncertainty. Tuesday’s Ethereum price recovery suggests a bullish trend forming, with traders looking forward to a potential breakout above $3,000.
Ethereum ETFs Score $49M Weekly Inflows
After performing dismally since their launch in July, ETH ETFs are back in the green, with Monday’s net inflow volume reaching $49 million. Based on ETF data from SoSoValue, this marked a significant improvement from Friday’s $54.3 million in total net inflow.
Negative flows characterised the weeks that ended on August 2 and July 26, narrowing the chances of a breakout to $4,000 while increasing downside risk. Ethereum price lost several support areas at $3,300 and $2,400 but recollected $2,100 on Monday ahead of the ongoing trend reversal.
It is essential for the ETF to continue receiving positive flows, which will boost investor morale and increase demand for ETH, supporting a sustainable uptrend.
Ethereum Price Jumps Above $2,500, What’s Next?
After successfully defending the $2,100 support level, traders initiated buying, driving the ETH price rebound. This momentum shift, confirmed by the Money Flow Index (MFI) moving from oversold into neutral territory, propelled the Ethereum price above $2,500. A daily close above $2,500 is required to validate the bullish thesis to $3,000, at which point bulls will resolve to take a breather before proceeding with the push to $3,500.
The IOMAP model from IntoTheBlock reveals robust support between $2,292 and $2,368. Approximately 1.7 million addresses that purchased almost 50 million ETH in the range are profitable and unlikely to sell, betting on an extended rally. The model indicates decreasing resistance levels, suggesting the possibility of a sustained rally beyond $3,000.
Conversely, a previous ETH price forecast confirmed that a death cross pattern in the daily time frame could complicate the situation for the bulls, hindering further uptrend above $2,500. A breakdown of the current support level ($2,500) could reignite a bearish descending triangle pattern, potentially extending the price decline toward $1,600.
Frequently Asked Questions (FAQs)
1. How does positive ETF volume affect Ethereum price?
2. Has the Ethereum crash ended?
3. How can traders protect themselves?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- Jerome Powell Speech: Fed Chair Says Rate Cuts Will Depend on Labor Market Conditions
- Breaking: White House to Meet Bank and Crypto Executives Over CLARITY Act Clash
- Breaking: Federal Reserve Holds Rates Steady After FOMC Meeting as Expected
- Senators Propose Amendments To Crypto Market Structure Bill Ahead Of Tomorrow’s Markup
- Ethereum Gains Wall Street Adoption as $6T Fidelity Prepares FIDD Stablecoin Launch
- How High Can Hyperliquid Price Go in Feb 2026?
- Top Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe, and Pump. Fun as Crypto Market Recovers.
- Solana Price Targets $200 as $152B WisdomTree Joins the Ecosystem
- XRP Price Prediction After Ripple Treasury launch
- Shiba Inu Price Outlook As SHIB Burn Rate Explodes 2800% in 24 Hours
- Pi Network Price Prediction as 134M Token Unlock in Jan 2026 Could Mark a New All-Time Low
