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Key Takeaways:
- Record $726M ETF inflows show unprecedented institutional interest in Ethereum.
- ETH price is up 57% in four weeks, with technicals suggesting a rally toward $7,000+.
- ETH/BTC ratio breakout confirms Ethereum’s relative strength over Bitcoin.
Ethereum exchange-traded funds (ETFs) recorded an all-time high daily inflow of $726 million, showcasing a sharp spike in institutional demand. For comparison, this figure is equivalent to $4.1 billion in Bitcoin inflows when adjusted for market capitalization — a scenario yet to unfold for BTC.
Leading the charge was BlackRock, contributing nearly half a billion dollars. However, the surge wasn’t isolated to asset managers; public companies and crypto whale wallets have also increased their ETH holdings, suggesting broad confidence in Ethereum’s long-term value.
ETH just printed its biggest ETF inflow ever:
— JΞFF🧸 (@JefferyCrypt) July 17, 2025
$726M in a single day.
BlackRock led with $499M, nearly half a billion in one shot.
We’re now at $3,439 with ETH ETFs holding 4%+ of total supply.
But it’s not just ETFs.
Treasuries from Goldman to GameSquare are rotating BTC →… pic.twitter.com/zaCjDOxHCR
Ethereum Price Up 57% — A Bullish Reversal
Ethereum (ETH) has surged 57% in the past four weeks, currently trading within 20% of its cycle high. The price had previously broken down from a two-year diagonal support line, only to reclaim it with conviction, signaling a major trend reversal.

Momentum indicators reinforce this bullish outlook. The Relative Strength Index (RSI) has crossed the neutral 50 line, while the MACD has flipped positive, both of which historically precede large rallies. In previous cycles, these signals have accompanied gains of 72% and 165%, respectively.
Wave Count Suggests New ETH All-Time High Ahead
Technical wave analysis supports the case for a new all-time high. The movement since the 2022 bear market low does not resemble a typical impulse but instead aligns with an irregular A-B-C correction.

Ethereum appears to be in wave C, the final leg of the bullish cycle. Short-term analysis suggests that wave three could peak at $4,270, before a final fifth wave targets new highs between $5,770 and $7,326, based on Fibonacci extensions of prior corrections.
ETH/BTC Ratio Breaks Out of Downtrend
Another significant development is Ethereum’s strong performance against Bitcoin. Since bottoming at a key horizontal support in March, the ETH/BTC ratio has broken out from a multi-year descending trendline.
Also Read: Ethereum Eyes Breakout as BTC Liquidity Fuels 35% Rally and Bullish Chart Signals
With the RSI on the ETH/BTC chart now at 57, its highest level since August 2022, Ethereum may be entering a new phase of relative strength. There’s little resistance until the ₿0.051 level, allowing further upside potential against BTC.
Ethereum’s recent surge in ETF inflows, bullish price structure, and improving ETH/BTC ratio point to a strong continuation of the uptrend. With multiple bullish signals aligning across both institutional demand and technical analysis:
Ethereum’s long-awaited breakout may finally be here — and this time, all indicators point toward a new all-time high in 2025.
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
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
