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Ethereum sees mass institutional intake, with ETFs entering $ 241 million last week despite a price dip. Experts now predict that ETH could hit up to $ 15k if the momentum continues.
Ethereum [ETH] draws a lot of money again.
With ETF inflow of 649,000 ETH last week, settings arrive, even if the prices cool down of recent highlights. The question now is whether this is a new conviction or the start of taking a profit.
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Ethereum ETFs saw a record $ 241 million in net entry last week – about 649,000 ETH. This is their strongest week since the launch.
Source: X
Despite the price that cools from $ 4.74k to around $ 4.5k, Flows remained strongly positive. This dip is a shopping option, no reason to withdraw.
Source: Glassnode
Glassnode data showed a sharp increase in demand, just when prices came back, while Ethereum L1S continues to lead in user activity and locked value.
Today’s ETF flows will reveal whether this trust applies, or whether the rally pauses for taking a profit. Anyway, Ethereum is still the one to look at.
Ethereum finds its support around $ 4.4k
The recent pullback from Ethereum of $ 4.74K found solid support near $ 4.4k, where the activity of investors enriched.
According to Glassnode’s Cost Basic heatmapThis level saw a strong purchase interest, with many of that ETH quickly changed ownership at higher prices.
It is a Swing-Trade setup, where buyers intervene and then sell in force.
Source: Glassnode
This zone now acts as an important level of support – if the prices view it again, traders will keep a close eye on to see if the dip is being defended again. For now, the upward trend remains intact.
Whales lay down their foot while experts eye 15k
At the time of the press, ETH acted near $ 4,245. The retreat from Ethereum to $ 4.2k has cooled Momentum; RSI slid to 57, just below the Overboughtzone, and the MACD showed weakening bullish pressure.
Source: TradingView
Still, dip-buying remains aggressive.
Data on chains marked Bitmine stacks another $ 15 million ETH in the past hour and brings its total interests to $ 73.2 million over portfolios.
The entity has already checked more than $ 5 billion ETH, aimed at a huge $ 25 billion, almost 5% of the offer.
Source: Arkham
As an addition to this, Fundstrat’s Tom Lee ETH sees $ 7K by the end of the year, with upward potential as high as $ 12k- $ 15k If the momentum strengthens.