- Ethereum ETF inflows surge, led by BlackRock’s ETHA attracting strong institutional interest.
- ETH price faces pressure, struggling to hold support near the $4,000 level.
- Analysts remain divided, predicting either a rebound or deeper correction ahead.
Ethereum is facing an interesting tug-of-war. While institutional investors continue to pour money into Ethereum ETFs, the asset’s price struggles to stay above $4,000. Strong inflows reflect confidence, yet heavy selling pressure keeps the market on edge. Bulls are defending key support levels, while bears are looking for signs of weakness. The next few days could determine whether Ethereum recovers or dips further under increasing market uncertainty.
Ethereum ETF Inflows Show Growing Institutional Confidence
Spot Ethereum ETFs are attracting impressive capital inflows despite the recent market pullback. On Wednesday, October 15, total inflows across all U.S. issuers reached $169 million. Most of that came from BlackRock’s iShares Ethereum Trust (ETHA), which alone pulled in $163 million. Bitwise’s ETHW followed with $12.31 million, reflecting steady institutional engagement.
BlackRock’s ETHA recorded net inflows of 41,132 ETH and handled $1.4 billion in trading volume the same day. Such activity signals strong investor interest in Ethereum exposure through regulated financial products. Since launching earlier in the year, ETHA has seen over $10 billion in inflows. That performance pushed it to the 15th spot among more than 4,400 ETFs globally.
This milestone underlines growing institutional appetite for Ethereum. Investors appear to view the asset as more than a speculative trade. For many, it represents a long-term position in blockchain technology. The trend also highlights how traditional finance is steadily embracing crypto-linked investment vehicles. However, strong ETF demand has not yet translated into consistent price strength.
ETH Struggles to Hold Crucial Support
After failing to sustain above $4,400, Ethereum’s price dropped about 10%. The $4,000 level now acts as a critical support zone. Bulls are trying to keep momentum alive, but sentiment remains mixed. Some analysts still see potential for a short-term rebound. Crypto analyst Ted Pillows noted that Ethereum is holding firm above the $3,850 mark. He suggested that a clear break above $4,250 could spark a short rally.
Reduced ETH supply on exchanges supports this view, hinting at lower selling pressure from traders. Still, caution remains. Pillows warned that a fall below $3,850 could trigger sharp downside volatility. Another analyst, Ali Martinez, pointed to an emerging bearish MACD crossover on the weekly chart. Previous instances of this pattern led to drops of over 40%.
If history repeats, Ethereum could face deeper corrections ahead. With conflicting signals, investors remain uncertain about the next move. While institutional buying offers strong support, technical charts suggest possible turbulence. Traders now watch whether Ethereum can reclaim momentum or slip below key psychological levels.
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