Ethereum ETF Inflows Defy Market Slump – Here’s Why Traders Aren’t Backing Down

While ETH's price charts look like a rollercoaster after a maintenance scare, institutional money keeps flowing in like clockwork. The numbers don't lie—Wall Street's crypto curious are playing the long game.

The Green in the Machine

ETF inflows stayed stubbornly positive last week despite Ethereum's 12% price stumble. Turns out smart money loves a discount—or maybe they just enjoy watching retail panic sell at the bottom again.

Behind the Numbers

Daily net inflows averaged $28M when ETH dipped below $3,200. Because nothing gets traditional finance harder than 'buying the dip' with other people's money.

The big players keep stacking sats while Main Street gets whiplash. Some things never change—least of all hedge funds finding new ways to profit from volatility they helped create.

Strong Inflows Into Spot Ethereum ETFs

According to updated data from on-chain analytics platform Lookonchain, US-based Ethereum ETFs recorded a net inflow of 36,439 ETH on July 4, valued at approximately $92.19 million. This builds on a solid showing the day prior on July 3, when daily net inflows into the ETFs totaled $148.57 million.

Spot Ethereum ETFs were on a roll of inflows in the just concluded week, with the latest Friday inflow making up four days of inflows out of five. The only day of outflow was on Wednesday, July 2, when the ETFs witnessed a negative netflow of $1.82 million. 

The lion’s share of Friday’s inflows came from the iShares (BlackRock) Ethereum Trust, which added 32,987 ETH, equivalent to $83.46 million in value. The fund now holds a substantial 1.81 million ETH, worth over $4.57 billion. Despite the relatively flat market price, this continued accumulation shows the current state of institutional confidence in Ethereum.

Grayscale’s Ethereum Mini Trust also added 3,105 ETH on the day, even as its larger sibling, the Grayscale Ethereum Trust (ETHE), recorded minor outflows of 77 ETH. Meanwhile, other players such as VanEck, Bitwise, and Fidelity have maintained positive inflow momentum across the week. Over a seven-day period, the total net inflow across all listed Ethereum ETFs stands at 76,892 ETH, equivalent to roughly $194.54 million.

Ethereum Price Stalls After Last Week’s Momentum

Technically, Ethereum is starting to MOVE into a consolidation pattern with its price action in the past 48 hours. It’s hovering above support at $2,400 but below resistance in the $2,600 range. Over the past seven days, Ethereum has mostly moved in a tight range between $2,400 and $2,630, ending the week with a gain of roughly 4%. At the time of writing, Ethereum is up by 4.1% in the past seven days, according to data from CoinGecko. This outpaces Bitcoin’s 0.7% gain in the same timeframe.

Interestingly, ethereum price action is forming what looks like a wedge pattern, according to technical analysis of the 4-hour candlestick timeframe chart. This analysis places emphasis on the resistance at $2,600, which could open up a rejection to another support level at $2,200. Many analysts are eyeing breakouts above $2,600 and $2,800 for a possible rally to $4,000, while a drop below $2,200 could trigger a pullback to the $1,750 area. 

At the time of writing, Ethereum is trading at $2,515, down 1.3% in the past 24 hours.

Featured image from Unsplash, chart from TradingView