ETH Breakout To $4K Imminent As BlackRock ETF Records $300M Inflows?
The post ETH Breakout To $4K Imminent As BlackRock ETF Records $300M Inflows? appeared on BitcoinEthereumNews.com.
Ethereum (ETH) bulls and bears were locked in a tug of war for almost 4 weeks, but the bulls have emerged dominant this week, with Blackrock ETF inflows surge pushing the price. ETH price action managed to break out of its range-bound performance courtesy of the strong rally this week. The ETH price breakout was driven by aggressive spot and institutional inflows. Speaking of the latter, BlackRock was at the forefront of that movement, judging by its strong liquidity injection. According to Farside, Blackrock acquired over $300 million worth of ETH on Thursday. This was almost double the amount that the company injected into the same cryptocurrency during the previous day. Ethereum ETF Fund Flow | Source: Farside Investors The total ETH ETF inflows on Thursday amounted to $382.1 million. ETF flows were on track to conclude the week on a positive streak. Aside from robust institutional flows, the bullish ETH price action was also backed by aggressive accumulation. Ethereum (ETH) accumulator addresses registered their highest spike in inflows observed in more than 12 months. ETH Accumulation Address Chart | Source: CryptoQuant Despite the aggressive surge in accumulation, market data also revealed a sizable surge in ETH short positions. While this signaled that there was a rise in expectations of a retracement, it may have contributed to the bullish momentum. Ethereum (ETH) Short Liquidations Surge Above $215 million ETH shorts liquidations surged past $215 million in the last 24 hours, which was the highest daily number of shorts wiped out in the last 8 weeks. This signalled that there were a large number of traders anticipating a retracement, especially after the sideways price action that prevailed since the second week of May. Ethereum (ETH) Liquidation | Source: CoinGlass The large number of shorts indicated an expectation of structure breakdown after…
Filed under: News - @ July 12, 2025 10:28 am