Ethereum Price Surges Past Key Levels as ETH ETF Inflows Hit $533M in One Day

Ethereum Price Surges Past Key Levels as ETH ETF Inflows Hit $533M in One Day


Thank you for reading this post, don't forget to subscribe!

TLDR:

ETH ETF inflows hit $533M on July 23, totaling $8.3B since launch.
Ethereum price breaks above $3,730 after clearing resistance near $3,670 with rising volume.
ETH sees 13-day inflow streak, the longest since ETF approval.
Flippening chatter returns as Ethereum gains strength against Bitcoin.

Ethereum is heating up. The crypto market’s second-largest asset just pushed past key resistance. Spot Ether ETFs logged over $533 million in inflows Tuesday, ranking as the fourth-largest day on record. 

That marked 13 straight days of inflows, with total capital now exceeding $8.3 billion. At the same time, Ethereum’s price broke out of a short-term technical pattern.

ETH ETF Inflows Fuel Market Optimism

According to data highlighted by The Kobeissi Letter, Ether ETFs brought in over half a billion dollars on July 23 alone. While not a new record, it closely trails the $726 million seen on July 16. These consistent inflows have added roughly $4 billion over the past two weeks.

This is the longest inflow streak since spot Ether ETFs launched. Analysts believe this wave shows strong institutional interest building behind Ethereum. Long-term positioning appears to be intensifying, with more money moving into these regulated products daily.

Technical analyst Daan Crypto Trades recently shared a 1-hour chart showing ETH stuck inside a descending channel. Resistance sat near $3,670, while support held at $3,510. At the time of analysis, Ethereum was testing resistance but hadn’t broken out yet.

That changed fast. At press time, ETH trades above $3,730, per CoinGecko, confirming a clean breakout from the range. Volume is increasing too, which often signals follow-through. With the structure invalidated, traders are watching $3,800 as the next target zone.

ETH price on Coingecko

Ethereum Flippening Chatter Reignites

As ETH gains speed, talk of it flipping Bitcoin is resurfacing. Bitcoinsensus noted that Ethereum’s market strength and growing dominance are pushing the topic back into focus. 

Legendary investor Stanley Druckenmiller has reportedly shared confidence that Ethereum may eventually overtake Bitcoin in value.

The comparison draws attention to Ethereum’s use in real-world assets, staking yields, and network utility. Bitcoin still dominates as a store of value, but Ethereum’s faster development pace continues to attract investor attention.

With strong ETF momentum and a confirmed breakout above $3,670, Ethereum’s short-term trend looks favorable. Investors are watching volume levels and potential pullbacks toward $3,690 for confirmation. If ETH holds above this range, a push toward $3,800 could play out soon.

Price is up nearly 4% in 24 hours and almost 9% over the past week. With capital flowing in and charts flipping bullish, Ethereum may be gearing up for its next leg higher.

 





Source link