- Ethereum price rally to continue amid sustained buying momentum and technical indicators like support above the 200-period EMA.
- Spot Ethereum ETFs accumulated 97,800 ETH in the past month, bringing total holdings to 3.77 million ETH, with BlackRock’s Ethereum ETF alone managing over $3.87 billion in ETH assets.
Ethereum price has smashed through a three-month price resistance level, to touch $2,776, amid increasing institutional buying, especially by BlackRock. Following a month of fluctuating $2300 and $2800, the ETH price has been demonstrating the signs of a new momentum mostly due to the high-volume buy orders and technical convergence.
Ethereum Price Analysis Amid ETF Inflow Surge
The 4-hour chart of Ethereum reveals that in the recent trading sessions, the price is sustaining above its 200-period exponential moving average (EMA). This technical level has now turned into an important support zone and has aided in continuing the price trend.
Market observers have additionally noticed the development of a concealed bullish divergence between the price and the Relative Strength Index (RSI). Here, ETH is making higher lows while the RSI makes lower lows, which historically has indicated an imminent continuation of the trend.
The newfound momentum comes as activity builds up around spot Ethereum ETFs. This type of investment vehicle has been accumulating 97,800 ETH over the past four weeks and now holds about 3.77 million ETH in total.
For context, BlackRock’s Ethereum ETF has now acquired a balance of over 1.5 million ETH worth about $3.87 billion. Some of the recent ETH BlackRock buys include a $5 million buy in a span of 10 days, as reported by CNF earlier.
Meanwhile, the trading volume of ETH shot up by 25.90% to $33.47 billion in the early hours on Wednesday, June 11. At the same time, according to Coinglass, open interest in Ethereum futures hit a new all-time high of $41.43 billion, indicating bullish sentiment among derivatives traders.
Technically, Ethereum price has regained the average of the Gaussian channel, which is a statistical indicator to measure the price movement in a volatile market. Such crossovers in the past have resulted in significant rallies.
When the same happened in 2023, ETH soared by 93%, and in 2020, the coin exploded by an unbelievable 1,820%. Since Ethereum has broken above the mid-point of the channel and is currently trading at about $2,570, traders are hoping that it could be headed to the $3,100 to $3,600 area, depending on the momentum being maintained, as mentioned in our last news piece.
Ether ETPs, Pectra Upgrade & Accumulation Signal Bullish Sentiment
Further, Ethereum-based exchange-traded products (ETPs), saw $296 million in net inflows last week despite a wider market slowdown. CoinShares told clients the asset now represents more than 10.5% of the total crypto ETPs assets under management.
Adding to this change of sentiment are the recent protocol improvements and especially the Pectra upgrade that was deployed in May 2025. The upgrade brought about new improvements like higher staking thresholds of validators and enhanced efficacy of transactions. Staked ETH has since reached an all-time high of 34.69 million tokens, or about 28.7% of the circulating supply.
Furthermore, Ethereum has seen over 2 million ETH bought in the $2,700-$2,760 area, according to Glassnode data. “These investors accumulated during consolidation and now will potentially form a strong support zone,” Glassnode wrote in a post on X.
