{"id":14644,"date":"2025-10-29T11:25:00","date_gmt":"2025-10-29T11:25:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/whats-next-for-ethereum-price-as-spot-etfs-see-246m-net-inflows\/"},"modified":"2025-10-29T11:25:10","modified_gmt":"2025-10-29T11:25:10","slug":"whats-next-for-ethereum-price-as-spot-etfs-see-246m-net-inflows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/whats-next-for-ethereum-price-as-spot-etfs-see-246m-net-inflows\/","title":{"rendered":"What\u2019s next for Ethereum price as spot ETFs see $246M net inflows?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price defends the $3,900 local support within an ascending triangle pattern, with a potential breakout target near the $4,800\u2013$4,900 zone if resistance around $4,300 is breached.<\/p>\n<div id=\"cn-block-summary-block_6ebaa374fb2ef42548e5e92a4d0f616e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum spot ETFs saw about $246 million in net inflows on October 28, reflecting renewed institutional interest ahead of the FOMC meeting.<\/li>\n<li>BitMine Immersion Technologies expanded its holdings to 3.31 million ETH, worth over $13.3 billion, now owning roughly 2.8% of Ethereum\u2019s circulating supply.<\/li>\n<li>Ethereum price holds the $3,900 support as bulls defend the ascending trendline from the October 10 intraday low, marking the lower boundary of an ascending triangle pattern, with resistance near $4,300. Potential breakout targets $4,800.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Following yesterday\u2019s dump in Ethereum (ETH), likely driven by broader macro uncertainty ahead of the FOMC meeting, the price is rebounding today and holding above the $3,900 local support. This area aligns with the ascending triangle\u2019s lower trendline, suggesting that buyers are defending the current market structure.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ETH daily chart | <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3AETHUSDT\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>The Stochastic RSI on the daily timeframe is cooling off from near-overbought territory, hinting at a short-term pause or mild retracement before any breakout attempt. <\/p>\n<p>Looking ahead, one possible scenario is that Ethereum price consolidates for a few sessions and then bounces from the ascending trendline support, leading to a retest of the $4250-$4300 resistance zone, which which marks the upper boundary of the ascending triangle.<\/p>\n<p>According to analyst Ali Martinez, this level represents a major on-chain resistance area, where a large amount of ETH was previously accumulated. When ETH revisits it, some investors might sell to recover their positions, creating supply pressure that can temporarily cap upside momentum.<\/p>\n<p>However, if Ethereum price manages to break above the $4250-$4300 resistance, it would confirm the ascending triangle pattern, opening the door to a potential measured move target around $4,800\u2013$4,900. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ethereum <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> faces two major hurdles: $4,300 and $4,530. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/8LZY1wWp8G\">pic.twitter.com\/8LZY1wWp8G<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1983189008911151519?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 28, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What\u2019s driving Ethereum price?<\/h2>\n<p>Beyond technicals, fundamental flows are reinforcing Ethereum price resilience. Most notably, Ethereum spot ETFs recorded roughly $246 million in net inflows on October 28, signaling renewed institutional appetite for ETH exposure. <\/p>\n<p>Additionally, BitMine Immersion Technologies has continued expanding its Ethereum treasury. As reported by crypto.news, the company has recently purchased an additional 27,316 ETH worth $113 million, bringing its total holdings to 3.31 million ETH\u2014valued at more than $13.3 billion. BitMine now controls about 2.8 % of Ethereum\u2019s circulating supply, making it the world\u2019s largest corporate ETH holder and inching closer to its goal of acquiring 5 % of the total supply.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price defends the $3,900 local support within an ascending triangle pattern, with a potential breakout target near the $4,800\u2013$4,900 zone if resistance around $4,300 is breached. Summary Ethereum spot&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14644"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14644\/revisions"}],"predecessor-version":[{"id":14645,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14644\/revisions\/14645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4882"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}