The inflow of spot Ethereum ETFs has increased significantly, reaching $155 million this week, and the ETH price has risen 18%, breaking through $3,000.
The inflow of Ethereum spot ETFs has accelerated again, especially after Donald Trump's victory and the Federal Reserve's announcement of a 25-basis-point rate cut this week. Over the past three consecutive days, Ethereum ETFs have recorded net inflows, with the total outflow declining from a peak of $550 million a few weeks ago to $324 million. Ethereum spot ETFs are once again in favor as Bitcoin sets a new all-time high above $77,000, and the world's largest Altcoin Ethereum (ETH) has also gained strong appeal. As a result, the inflow of Ethereum spot ETFs has risen slightly again, reaching a weekly high of $859 million on Friday, November 8th. Therefore, after Donald Trump's victory, the weekly inflow surged to $155 million.
Yesterday, the inflow of BlackRock's Ethereum ETF (ETHA) was the highest at $598 million, followed by Fidelity's FETH at $184 million. Like ETHA, FETH's inflow has also remained healthy this week. According to data from Farside Investors, with the latest developments, the total inflow of BlackRock's Ethereum ETF has reached the milestone of $1.4 billion.
However, this figure is still dwarfed by the inflow of the US spot Bitcoin ETF. Nevertheless, this is a healthy development, as the inflow may further increase with the revival of the Altcoin season. In addition, investors are closely watching the development of the Ethereum (ETH) price. Over the past week, ETH has outperformed BTC, rising 18%, while BTC has risen 9.9%. The ETH/BTC pair has been declining for the past three years, but is now also showing a healthy uptrend.
In addition, the US Securities and Exchange Commission (SEC) has postponed its decision on spot Ethereum ETF options trading. Will the ETH price rise to $4,000? With the healthy inflow of Ethereum spot ETFs, investors are optimistic that this will be further reflected in the future ETH price. As of the time of writing, the Ethereum price has risen 4.86%, breaking through the key resistance level of $3,000. This is a key breakthrough, as ETH has flipped the 200-day moving average (DMA), turning the sentiment from bearish to bullish.
If the bulls can confidently defend these levels, it may further rise to $4,000. In addition, this breakthrough in Ethereum occurred after 90 days of accumulation, showing a strong upward trend. Some analysts believe that this could be the start of a super bull market, with prices reaching $15,000.
