{"id":14972,"date":"2025-11-02T13:42:45","date_gmt":"2025-11-02T13:42:45","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-bullish-flag-as-eth-etf-inflows-rise\/"},"modified":"2025-11-02T13:42:48","modified_gmt":"2025-11-02T13:42:48","slug":"ethereum-price-forms-bullish-flag-as-eth-etf-inflows-rise","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-bullish-flag-as-eth-etf-inflows-rise\/","title":{"rendered":"Ethereum price forms bullish flag as ETH ETF inflows rise"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price has plunged into a bear market after falling by over 20% from its highest point this year as cryptocurrencies retreated.<\/p>\n<div id=\"cn-block-summary-block_ca32f1ae40a312e5d32122e2885c42b0\" 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 price has formed a bullish flag pattern on the weekly chart.<\/li>\n<li>Spot ETH ETF recorded over $114 million in inflows last week.<\/li>\n<li>Technical indicators suggest the coin will rebound in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethereum (ETH) token was trading at $3,895 on Nov. 2, up by 178% from its lowest level this year. It has formed a bullish flag pattern, pointing to more gains as exchange-traded funds inflows rise.\u00a0<\/p>\n<p>Data compiled by SoSoValue shows that spot Ethereum ETFs outperformed Bitcoin (BTC) last week. These funds added over $114 million in inflows after shedding over $243 million in the previous week. In contrast, Bitcoin ETFs shed over $607 million in assets.<\/p>\n<p>Spot Ethereum ETFs have added over $14.3 billion in inflows since their inception in July last year. These gains were driven mainly by BlackRock\u2019s ETHA, which now holds over $15.15 billion in assets. The other top Ethereum ETFs are by companies like Grayscale, Fidelity, and Bitwise.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Top companies have also continued to accumulate Ethereum in the past few months. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/treasuries\/ethereum\" target=\"_blank\" rel=\"nofollow\">CoinGecko data<\/a> shows that companies like BitMine, SharpLink, Bit Digital, and ETHZilla hold Ethereum tokens worth over $18.5 billion.<\/p>\n<p>Ethereum\u2019s funding rate has remained above zero, a sign that investors are optimistic that its future price will be higher than where it is today.\u00a0<\/p>\n<p>Additionally, the futures open interest has remained stable at over $45 billion despite the ongoing retreat. Its shorts and longs liquidations have retreated in the past few weeks.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The weekly chart shows that the ETH price has rebounded from a low of $1,394 in April to a high of $4,953 in September. It has remained above the 50-week and 100-week Exponential Moving Averages, which formed a bullish crossover in June.\u00a0<\/p>\n<p>Ethereum price has also formed a bullish flag pattern, which is made up of a vertical line and a descending channel. It also retested the critical support level at $4,080, the highest point in March and December last year.<\/p>\n<p>ETH\u2019s price is also in the second phase of the Elliot Wave pattern, followed by the bullish third phase.<\/p>\n<p>Therefore, the most likely scenario is a rebound, potentially to the ultimate resistance of the Murrey Math Lines at $5,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price has plunged into a bear market after falling by over 20% from its highest point this year as cryptocurrencies retreated. Summary Ethereum price has formed a bullish flag&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14972","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\/14972","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=14972"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14972\/revisions"}],"predecessor-version":[{"id":14973,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14972\/revisions\/14973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11831"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}