- Ethereum ETFs reported $148.5 million in daily inflows, with year-to-date flows hitting $2.9 billion.
- Robinhood selects Arbitrum to launch tokenized U.S. stocks in Europe, potentially boosting Ethereum’s network activity.
- ETH price consolidates between $2,100 and $2,800, with technicals hinting at an imminent breakout.
- A decisive move above $2,800 could open the door to the $4,000 region.
Ethereum ETFs See Impressive Inflows, Signaling Strong Institutional Demand
Ethereum (ETH) continues to attract attention from institutional investors, with spot ETH ETFs witnessing net inflows of $148.5 million in just one day, according to Farside Investors. Over the past week, inflows totaled nearly $331 million, reflecting growing interest in Ethereum as a digital asset.
Also Read: Bitcoin ETF Inflows Surge: BlackRock’s Bitcoin ETF Sets Record-Breaking Streak
BlackRock’s iShares Ethereum Trust ETF (ETHA) leads the pack with $4.6 billion in assets under management, while Grayscale’s Ethereum Trust (ETHE) holds $3.5 billion. CoinShares data shows that ETH’s year-to-date net inflows have surged to $2.9 billion, including a remarkable $429 million last week.
Robinhood Bets on Ethereum’s Arbitrum for Tokenized Stocks
In a bold move, Robinhood has announced the launch of tokenized U.S. stocks for its European customers, powered by Arbitrum—Ethereum’s leading layer-2 scaling solution. This could dramatically increase transaction volumes on the Ethereum network if the rollout succeeds.
The initiative highlights growing synergy between traditional finance and blockchain, further evidenced by the SEC’s evolving stance. Under pro-crypto Chairman Paul Atkins, the recent approval of a Solana staking ETF signals that regulatory attitudes are shifting toward fostering innovation.
Also Read: Solana Jumps Past $153 After First Staking ETF Launch
Ethereum Price Analysis: Eyes on $2,800, But Watch $2,100
ETH has gained 2.6% over the past week, outperforming Bitcoin. Currently, it trades within a consolidation range between $2,100 and $2,800 after rebounding from June lows driven by Middle East tensions.
Technical indicators show all key moving averages (9, 21, 200-day EMAs) converging, pointing to price compression. A breakout above $2,800 could lead ETH toward the $4,000 resistance, in line with Bitcoin’s past price action.
However, failure to reclaim the $2,500 support on the hourly chart could fuel further downside over the weekend. A drop below $2,100 remains unlikely unless a black swan event occurs.
Ethereum Price Prediction: Consolidation Before the Next Move
Analysts suggest that ETH is likely to consolidate further in the near term, with whale accumulation indicating a bullish bias. If buyers reclaim momentum, the next major target is $4,000.
On the flip side, failure to hold the current range could expose ETH to a decline toward $1,750. However, the bullish institutional flows and Robinhood-Arbitrum developments support the long-term upside.
With growing institutional interest through ETFs and new use cases like tokenized stocks, Ethereum’s consolidation phase could soon give way to a powerful rally. Investors should keep an eye on the $2,800 resistance level and any updates from regulatory bodies that could drive broader crypto market sentiment.
