Ethereum ETFs Witness Record $1B Inflows — How High Can ETH Price Go?

Ethereum-focused exchange-traded funds (ETFs) have witnessed their biggest daily inflows on record, crossing $1 billion for the first time ever on Monday, according to data resource SoSoValue.

Fidelity’s Ethereum ETF Witnesses Record Inflows — Mega Whales Are Loading ETH

BlackRock’s ETHA led the inflows by attracting the most capital at $639.8 million. Fidelity’s FETH followed with $277 million in inflows, albeit marking the fund’s largest inflows to date.

Grayscale’s Mini Ether Trust (ETH) attracted $66.57 million, while ETHE received $13 million. Other funds, including Bitwise (ETHW) and 21Shares (CETH), witnessed positive net flows on the day.

Since May, spot Ethereum ETFs have attracted more than $8 billion in net inflows. With Monday’s additions, their cumulative total has now topped $10 billion, reaching $10.83 billion.

The inflows align with an ongoing rise in the Ether (ETH) balance held by its richest addresses.

Ethereum’s mega-whales—entities that hold over 10,000 ETH—have accelerated accumulation in recent weeks, pushing holdings toward multi-year highs, according to data resource Glassnode.

Meanwhile, smaller whales—addresses holding between 1,000 and 10,000 ETH—are offloading their holdings. The concurrent drop in their balances suggests that mega-whales are stepping in to absorb this mid-tier selling pressure.

These whales—likely institutions—are more likely to hold Ethereum for longer timeframes, which may lead to a supply shock in the market if the demand increases across lower cohorts.

How High Can Ethereum Price Go in 2025?

Ethereum has broken out of a classic bull flag pattern, confirming bullish continuation after a sharp rally.

The breakout targets the $4,680–$4,700 zone, with momentum supported by strong volume and an overbought relative strength index (RSI), suggesting potential for further upside despite short-term consolidation risks.

Furthermore, Ethereum has entered the breakout stage of its prevailing inverse head-and-shoulders breakout on the 3-day chart, a classic bullish reversal pattern signaling the end of its prior downtrend.

The neckline breakout near $4,090 unlocks a technical target around $6,728, above the 1.618 Fibonacci extension.

Volume expansion during the breakout adds conviction, while the RSI remains in overbought territory, suggesting strong momentum but also potential for brief pullbacks.

As long as ETH holds above the neckline, the structure favors continuation toward $6,000–$7,000, with macro tailwinds like spot ETF inflows and institutional accumulation providing additional fundamental support.

What Would Change This View?

Ethereum’s bullish setup would face pressure if the price fails to hold above the $4,090 neckline, turning the inverse head-and-shoulders breakout into a bull trap.

Similarly, a shift from strong ETF inflows to sustained outflows could signal fading institutional demand, while a surge in mega-whale selling might overwhelm current buying momentum.