Ethereum ETF Inflows Surge to $71M – Is $2,900 the Next Stop?

Money’s flooding into Ethereum ETFs like Wall Street just discovered yield—oh wait, they did. With $71 million fresh capital rushing in, ETH bulls are eyeing $2,900 as the next logical target.

Let’s be real: TradFi’s late to the party as usual, but their checkbooks are finally open. Will this institutional stampede turn ETH into the next ’safe haven’ asset? Please—we’ve seen this movie before. Still, momentum’s momentum, and right now it’s wearing an Ethereum name tag.

Blackrock leads the charge with ETF inflows

Source: X

BlackRock alone accounted for $32.5 million, showing its position as a frontrunner in institutional ETH accumulation. 

The ETHA and FETH-led inflows reflect strong confidence from major asset managers as capital rotates back into Ethereum.

This positive shift follows net positive flows in the third week of May, despite earlier volatility from outflows by Fidelity and Franklin.

Data confirms ETH momentum shift

Source: Artemis

Recent Artemis data reveals that ethereum outperformed all networks in bridged net flows and stablecoin supply growth.

Ethereum recorded the largest net inflow of assets across bridges alongside a sharp increase in stablecoin issuance, signaling renewed liquidity and capital confidence.

This dual lead suggests rising usage and demand across DeFi protocols, reinforcing Ethereum’s position as crypto’s foundational LAYER 1.

ETH eyes a breakout as momentum builds

Ethereum traded at around $2,708 at press time, approaching recent local highs with bullish momentum.

The RSI climbed to 70.47, at the edge of overbought territory, showing strong buying pressure, but also the potential for short-term consolidation.

CMF remained positive at 0.15, indicating steady capital inflows.

Source: TradingView

If ETH closes above $2,720 with sustained volume, a breakout toward $2,900 becomes plausible. However, one must watch for signs of fatigue as the RSI nears critical levels.

For now, the trend remains bullish, but overextension risks a short-term pullback or ranging pause.