Ethereum’s institutional narrative continues to strengthen as BlackRock’s iShares Ethereum Trust recorded its 12th consecutive day of inflows on June 5. The fund added 27,846 ETH—valued at $73.21 million—pushing its total holdings to over 1.49 million ETH, or approximately $3.93 billion. According to on-chain tracker Lookonchain, the fund also absorbed 29,360 ETH on June 4, further signaling robust institutional accumulation.
June 5 Update:
— Lookonchain (@lookonchain) June 5, 2025
10 #Bitcoin ETFs
NetFlow: +1,031 $BTC(+$109.09M)🟢#iShares(Blackrock) inflows 2,704 $BTC($286.03M) and currently holds 662,841 $BTC($70.12B).
9 #Ethereum ETFs
NetFlow: +22,029 $ETH(+$57.91M)🟢#iShares(Blackrock) inflows 27,846 $ETH($73.21M) and currently holds… pic.twitter.com/qDajhhQNaT
The inflows aren’t isolated to BlackRock. On June 2, both BlackRock and Fidelity registered a combined $78 million in Ethereum purchases, indicating broad-based interest among traditional financial giants. These consistent movements underscore a growing institutional belief in Ethereum’s long-term value proposition.
Ethereum’s On-Chain Metrics Signal Accumulation
According to crypto analyst Lark Davis, Ethereum’s on-chain activity paints a bullish picture. Exchange balances are at seven-year lows, suggesting that investors are moving ETH into cold storage or staking, rather than preparing to sell. Davis also noted that Ethereum has outperformed Bitcoin in Q2, buoyed by recent network upgrades such as Pectra, which improved scalability and reduced inflation.
Despite the positive fundamentals, sentiment on Polymarket remains cautious. Current market odds place only a 27% chance of Ethereum reaching a new all-time high in 2025. This skepticism contrasts with the inflow trends, highlighting a divide between market participants and institutional buyers.
Technical Breakout Pattern Hints at $5K ETH Target
From a technical standpoint, Ethereum is showing signs of a potential breakout. Analysts at Bitcoinsensus point to a rare “Right-Angled Descending Broadening Wedge” pattern on the charts—historically associated with strong bullish moves. Currently trading at $2,572, ETH has rebounded from the wedge’s lower trendline and is once again testing key resistance levels near $3,900.
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If Ethereum can decisively flip this resistance into support, analysts suggest that the path toward $5,000 becomes increasingly plausible, despite bearish sentiment among retail bettors.
With institutional adoption accelerating and technical indicators flashing bullish, Ethereum may be gearing up for a significant rally—even as broader market sentiment remains mixed.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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