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1h ago

Ethereum Reclaims $4,700 as ETF Inflows Extend Rally

Six straight U.S. ETF inflow days totaling about $1.47 billion coincide with exchange reserves near 16.1 million ETH, prompting analysts to outline higher scenarios.

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Overview

  • ETH trades near $4,716 after a roughly 4% daily rise and is up about 11–13% over the past week.
  • U.S. spot Ethereum ETFs drew about $177 million in the latest session, bringing six-day net inflows to roughly $1.47 billion.
  • Charts show a break above a short-term descending channel with the 30-day SMA near $4,330 acting as support and $5,000 as an initial target.
  • CryptoQuant reports exchange-held ETH around 16.1 million and a positive Coinbase premium, pointing to lighter sell pressure and renewed U.S. demand.
  • Forecasts discussed include a $7,331 technical target from analyst Mags and a macro case that views $10,000 as possible if liquidity expands and outflows persist.