Ethereum’s rebound accelerated after U.S. spot ETH ETFs recorded $547 million in net single-day inflows, ending a five-day outflow streak. Fidelity’s FETH led with $202 million, while BlackRock’s ETHA contributed $154 million.
ETH ETFs now oversee about $27.5 billion, around 5.4% of the circulating market cap, indicating renewed institutional interest as the price regained the $4,000 psychological level.
The turnaround coincided with over $1 billion in combined inflows into U.S. Bitcoin and Ethereum ETFs, boosting risk appetite across major assets.
Smart Money Accumulates Ethereum (ETH) as Reserves Fall
On the balance-sheet front, institutions continue increasing their exposure. BitMine Immersion Technologies disclosed a 2.65 million ETH corporate treasury, the largest tracked among its peers, while Bit Digital plans a $100 million convertible note raise to acquire more ETH, potentially boosting its treasury rankings.
On-chain, CryptoQuant data indicate declining exchange reserves, consistent with coins being moved into custody and staking, conditions that historically tighten the circulating supply when demand rises.
Technically, analysts note ETH has rallied approximately 250% from cycle lows; some, like Ted Pillows, suggest a brief pullback could set the stage for a move towards $4,500–$5,000, with $10,000 possible later if liquidity and macro tailwinds align.
In the near term, sustaining closes above $4,200–$4,250 would keep bulls in control; failure to do so risks a decline towards the $3,800–$3,600 support level.
TradFi Integrations Strengthen the Fundamental Case
Beyond flows and treasuries, real-world rails are advancing. SWIFT has tested Ethereum’s Linea Layer-2 with BNP Paribas and BNY Mellon for on-chain settlement messaging, while a broader SWIFT–Consensys project explores a blockchain-based ledger for 24/7 cross-border payments.
If even a small part of SWIFT volume moves on-chain, it could become a steady demand driver for block space and ETH staking.
Alongside improving regulatory clarity and ETF adoption, these integrations strengthen Ethereum’s position as a neutral financial infrastructure for institutions, supporting the AI/data economy narrative highlighted by corporate buyers.
Bottom Line
Record ETF inflows, decreasing exchange supply, and rising TradFi pilots support a breakout above $ 4,000. Stay above $4,200, and the path opens towards $4,500–$5,000; lose that, and a healthy retest into the high $3,000s is likely to occur before the next move. For now, the evidence leans bullish.
Cover image from ChatGPT, ETHUSD chart from Tradingview
