Ethereum ETFs See $726M Inflow as Price Targets $3,800

This explosive volume indicates a renewed wave of institutional interest, backed by substantial activity from major asset managers. BlackRock added 159,101 ETH worth $499.2 million, and Fidelity acquired 36,110 ETH valued at $113.3 million. These moves alone accounted for nearly 85% of the days total inflow, highlighting the scale of confidence among top funds.

Ethereum Price Analysis | Source : X

At the same time, ETHs price structure revealed bullish continuation patterns, including a falling wedge and bull flag breakout. Analysis by Merlijn The Trader sets a technical price target of $3,834, reflecting growing momentum.

On-Chain Activity and Cycle Position Strengthen ETH Outlook

Ethereums relative performance versus Bitcoin has improved significantly, suggesting the market is entering “Phase 2: Ethereum” of the capital rotation cycle. This phase sees Ethereum outperform Bitcoin, often triggering a shift in investor preference. Metrics from Coinglass further reinforce this trend, showing elevated long/short ratios and bullish derivatives sentiment.

Ethereum Outpaces Bitcoin | Source : X

Additionally, Ethereum‘s metrics dashboard shows exponential growth in tokenized assets, particularly from real-world asset protocols. This expansion complements the ETF activity and signals increasing utility and trust in Ethereum’s infrastructure. Meanwhile, the platforms clear ZK-rollup scaling roadmap adds to long-term investor confidence.

Trading volumes and open interest have also spiked, pointing to sustained speculative interest. Derivatives data confirm a 34% jump in volume alongside a 8.14% rise in open interest. ETH is now technically and fundamentally positioned to continue its upward trajectory, especially if inflows and demand persist.