🚀 Ethereum ETFs Smash Records: $1 Billion Floods In as ETH Nears All-Time High

Wall Street's latest crypto crush just hit hyperdrive. Ethereum ETFs—once the pipe dream of crypto degens—are now vacuuming up institutional cash at a blistering pace.

The $1 billion question: Is this the smart money finally waking up, or just yield-chasing hedge funds doing their late-FOMO shuffle?

ETH price action tells the real story. The asset's knocking on ATH's door while TradFi scrambles to claim they 'always believed' in decentralized infrastructure. Funny how that works when there's a 3x leverage ETF involved.

Bottom line: The suits have spoken. They'll take their blockchain revolution—but only if it comes with a prospectus and 2% management fees.

ETH to reclaim all-time high?

Investors and analysts are setting bold price targets for Ethereum, with expectations growing that the asset could retest its $4,815 all-time high and potentially break above it.

These projections are supported by multiple factors. Alongside record ETF inflows, large-scale acquisitions by corporate holders and whales are adding to the bullish outlook. Corporate ETH holdings have now surpassed $14 billion, with whale wallets steadily increasing their positions.

The combined buying activity is expected to serve as a catalyst for ETH’s push toward its all-time high, strengthening market confidence.

Another factor adding weight to the sentiment is shifting on-chain behaviour. According to analyst Ali Martinez, long-term ETH holders have shifted from a “capitulation” phase to a “belief” phase over the past four months. This means holders who were previously selling into weakness are now holding, or even accumulating, in anticipation of higher prices. This type of shift often reduces sell pressure and is often seen as a precursor to sustained rallies.

On the technical side, ETH has been climbing in a clear upward channel since the start of the month, with the daily chart showing a strong break above all major moving averages. The $4,300 zone is acting as short-term resistance, with price showing hesitation around this level. 

A decisive break above $4,300 could trigger the next leg higher toward $4,500, aligning with the upper boundary of the current channel. According to Martinez, clearing this level WOULD also validate a move toward $5,241.

However, the RSI at 72.88 shows the market is now in overbought territory, suggesting the potential for short-term pullbacks or sideways consolidation before the next leg higher.

If the current trend holds, ETH could test the $4,500 area, and a decisive move above that would put its all-time high within reach. On the downside, the $3,835 level, NEAR the 20-day EMA, stands out as key support to watch if the rally cools.