Ethereum ETFs Skyrocket—Is $3,400 the Next Stop?

Fueled by surging ETF inflows, Ethereum bulls are eyeing a rebound toward $3,400. Traders are piling in, betting regulators won’t kill the party—this time.

Why the optimism? Institutional demand for crypto exposure keeps defying skeptics (and common sense). Spot Ethereum ETF volumes hit record highs this week, shrugging off last month’s regulatory jitters.

Key levels to watch: A clean break above $3,200 could trigger algorithmic buying sprees. But beware—Wall Street’s ‘risk-on’ switch flips faster than a meme coin rug pull.

One cynical take: If the rally fizzles, expect another round of ‘macro headwinds’ excuses from the same analysts who missed the bounce.

In brief

• Ethereum ETFs record 163 million $ inflows, with BlackRock leading.
• On-chain and technical indicators show bullish signals, with an RSI at 70.47 and a critical threshold at 2,720 $.
• Peter Brandt forecasts an ETH at 4,000 $, reigniting the debate on a new bullish cycle.

Why Ethereum ETFs are attracting big investors again

The crypto market has recorded a strong signal: Ethereum ETFs recently attracted 163 million dollars, including 71.3 million over one week and 92 million in a single day, May 29. On that date, BlackRock stood out by capturing 50 million on its own, confirming its role as a catalyst for the return of institutional liquidity. This massive capital injection reflects a renewed perception of the potential of ETH, despite persistent regulatory uncertainties.

This renewed appetite could trigger a lasting bullish momentum for Ethereum if the momentum establishes. ETFs thus become a barometer of macroeconomic confidence in cryptos, beyond mere speculative enthusiasm.

Crypto: these on-chain signals confirm ethereum’s strong comeback

Beyond flows to ETFs, on-chain indicators confirm that the Ethereum network is expanding:

• Increase in net cross-chain flows: Ethereum surpasses its direct competitors with intensified interactions via bridges;
• Growth of the stablecoin supply: +4.1% over the last two weeks;
• Increase in active wallet activity: +12% in 7 days.

These elements indicate a strong structural dynamic, well beyond the 71 million dollars of inflows into Ethereum ETFs in one week. As a result, ETH is once again attracting developers, crypto users, and capital in a market where Bitcoin is also experiencing decisive movements. This combination could justify a higher valuation in the weeks to come.

Imminent breakout? Technical indicators are rallying for ETH

Ethereum’s chart analysis shows signals aligned with bullish fundamentals:

• RSI at 70.47: close to the overbought zone, indicating strong buying pressure;
• CMF at 0.15: indicating net capital inflows over several consecutive sessions.

The market is therefore at a crossroads: the bullish breakout or the exhaustion. The coming days will be decisive.

The current enthusiasm around ethereum could intensify if technical resistances yield. However, volatility remains high, and the post-ETF euphoria could quickly fade. In this context, the bold prediction by Peter Brandt, envisioning an ethereum at 4,000 dollars, draws interest. This turnaround from a historically skeptical analyst raises a crucial question: is this just a rebound or the start of a new bullish cycle for ETH?

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