Ethereum ETFs Set Record-Breaking Inflows as Market Eyes $6,000 Price Target

Download IPFS

Ethereum has made headlines after logging 17 straight days of net inflows into spot exchange-traded funds (ETFs), with $453 million entering the market on Friday alone. Total ETF holdings for Ethereum have now climbed to $20.66 billion, signaling growing confidence among institutional investors and raising the possibility of a price surge that could test the $6,000 mark.

Leading the charge is BlackRock’s Ethereum Trust (ETHA), which posted $440 million in inflows in just one day, second only to one other ETF in the entire U.S. market last week. Overall, Ethereum ETFs have seen $9.33 billion in cumulative inflows. For comparison, Bitcoin ETFs managed just $71 million over the same period. According to Matt Hougan, Chief Investment Officer at Bitwise, ETF demand for ETH could hit $20 billion over the next 12 months. That equates to a demand of roughly 5.33 million ETH, far outstripping the projected supply of only 0.8 million new coins during the same period.

This growing gap between supply and demand has analysts pointing to a possible price breakout. Ethereum’s 3-day price chart is showing a “diamond pattern,” a technical formation known for predicting strong reversals. Currently, ETH is trading around $2,832, right at the point where such patterns typically break out. A successful upward move could see ETH retest key resistance levels near $4,000, with some projections reaching as high as $6,000.

Seasonal data further supports a bullish outlook. August has historically been one of Ethereum’s strongest months, especially in post-Bitcoin-halving years, averaging 64.2% returns. Notable past August gains include 35.62% in 2021 and 92.86% in 2017. With ETH already up over 50% in July 2025, the stage appears set for another strong month.

Institutional positioning is also evident in the record $7.85 billion in open interest on Ethereum futures traded through the Chicago Mercantile Exchange (CME). This signals growing expectations of further price movement, as professional investors place larger bets on ETH’s trajectory.

While investor excitement is building, regulatory uncertainty from the current administration continues to weigh on the broader crypto sector. Nonetheless, the combination of technical indicators, strong institutional interest, and favorable seasonal trends could give Ethereum the momentum it needs for a major breakout