Tag: BlackRock ETHA

  • Ethereum Pushes Toward $2,800 as Five-Day Spot ETF Inflow Streak Signals Demand

    Ethereum Pushes Toward $2,800 as Five-Day Spot ETF Inflow Streak Signals Demand

    Ethereum Outpaces Broader Crypto Market

    Ethereum climbed 3.36% in 24 hours to $2,737.26, according to the market data cited in the report. That gain topped the 2.49% advance in the wider crypto market by 0.87 percentage points, showing ETH attracting stronger demand than the broader digital-asset complex.

    Even with the move, Ethereum remained below $2,800, a level it briefly approached earlier in the week. The token had traded near $2,804 before slipping back under $2,800 and falling to about $2,680. It later recovered to roughly $2,730, keeping the $2,800 zone in focus.

    Spot Ethereum ETFs Extend Inflow Streak to Five Sessions

    U.S. spot Ethereum exchange-traded funds pulled in $66.1 million in net inflows on Sept. 24, based on Farside Investors data. The funds have now recorded positive flows in every session since Sept. 18, bringing the five-day total to $746.5 million.

    The daily pace has cooled from the $270 million added on Sept. 21. Investors put in $162.2 million on Sept. 22 and $104.5 million on Sept. 23 before the Sept. 24 figure. Even with the slower run rate, the streak points to continued appetite for Ethereum investment products while ETH trades near $2,700.

    BlackRock, Fidelity, and Grayscale Lead Sept. 24 Flows

    BlackRock’s iShares Ethereum Trust, ticker ETHA, brought in $26.8 million on Sept. 24. Fidelity’s Ethereum fund added $21.5 million, and Grayscale’s Ethereum Mini Trust took in $17.8 million. Farside’s data puts ETHA’s cumulative net inflows above $13.2 billion.

    Altcoins Rally Alongside ETH

    The CoinMarketCap Altcoin Season Index rose 9.62% to 57 in the market snapshot used for the report. Chainlink gained 14.55%, while Quant jumped 36.11%. Those moves came as traders increased exposure to altcoins during the same session that Ethereum outperformed the broader market.

    Can ETH Reclaim $2,800?

    Traders are watching the $2,775 to $2,825 range. A sustained break above that band would bring higher price levels back into view. A technical analyst outlook cited in the report identifies $2,920 as the next level to watch after a daily close above $2,800, with $3,177 as a further upside target.

    On the downside, the outlook places initial support near $2,626, within a wider support area that extends to $2,440. A move below $2,626 would shift attention toward the lower end of that range.

    Traders Union analyst Viktoras Karapetjanc tied his positive view to ETF demand, while adding the condition that key support levels hold. For now, $2,800 remains the immediate price test for ETH after its earlier retreat from that level.

    What to Watch Next

    ETF flow data will show whether the five-session inflow run continues. Ethereum’s ability to close above $2,800 on a daily basis could set up a test of $2,920, while a drop below $2,626 would put the focus back on support near $2,440.

  • Ethereum Breaks Above $2,600 as ETF Inflows and Short Liquidations Fuel Rally

    Ethereum Breaks Above $2,600 as ETF Inflows and Short Liquidations Fuel Rally

    Ethereum surged past the $2,600 mark on Friday, reaching $2,660—its highest level since January—driven by a combination of sustained ETF inflows and a wave of short liquidations. The move outpaced other major cryptocurrencies, with Ethereum gaining over 8% in 24 hours on Coinbase, while Bitcoin rose only 2.7%, Solana 5.3%, and XRP 4.2%. The broader crypto market ticked up 1.1% to around $2.75 trillion.

    ETHA Inflows Continue Unabated

    BlackRock’s Ethereum ETF, ETHA, recorded $251.4 million in net inflows over 20 consecutive trading days, with no outflows during the period. On September 11 alone, Ethereum ETFs saw $216 million in net inflows, according to Cryptobriefing, as institutional investors rotated capital away from Bitcoin ETFs. This steady demand has been a key pillar supporting Ethereum’s recent price strength.

    Short Liquidations Amplify the Move

    The rally was further fueled by a significant short squeeze. Crypto liquidations totaled roughly $665 million over 24 hours, with about $400 million in short positions being wiped out. Ethereum accounted for around $250 million of that total, compared to Bitcoin’s $170 million. The forced buying from liquidated shorts added momentum to the upward price action.

    Technical Signals Remain Mixed

    Despite the sharp rebound, technical indicators present a nuanced picture. On the hourly chart, Ethereum traded above the MA-50 but below the MA-20, while the daily chart showed the price above the MA-200. The Ichimoku Kijun stood at $2,549, with support near $2,453. MACD indicated strong bullish momentum, but ADX remained neutral, suggesting limited trend strength. RSI was at 50.03 with a Buy reading, while Stoch RSI showed oversold conditions. Before the breakout, ETH was contained in a $2,453–$2,569 range, with a 62% probability of an upward move above $2,549—a level it decisively cleared.

    Macro Context

    The rally followed a hotter-than-expected August core CPI reading, which rose 0.3% monthly and 2.4% annually. This boosted market pricing for a Federal Reserve rate hike, with CME FedWatch showing an 88% probability. Despite this, Ethereum’s price showed resilience, supported by strong ETF demand and the short squeeze. Analysts like Tom Lee had earlier predicted a softer inflation setup to fuel a market rally, but the actual data did not dampen crypto spirits.

    Outlook

    Ethereum’s ability to sustain above $2,600 will depend on continued ETF inflows and macro factors. The $2,453 support level remains key if momentum fades, while near-term resistance may appear as the market digests the recent gains. Institutional demand and Federal Reserve policy decisions remain central to the near-term trajectory.