{"id":2404,"date":"2025-06-07T16:26:58","date_gmt":"2025-06-07T16:26:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-eyes-breakout-as-etha-etf-nears-5b-milestone\/"},"modified":"2025-06-07T16:26:59","modified_gmt":"2025-06-07T16:26:59","slug":"ethereum-price-eyes-breakout-as-etha-etf-nears-5b-milestone","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-eyes-breakout-as-etha-etf-nears-5b-milestone\/","title":{"rendered":"Ethereum price eyes breakout as ETHA ETF nears $5b milestone"},"content":{"rendered":"
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Ethereum price may be on the verge of a bullish breakout to $4,000 after forming a bullish flag and a golden cross pattern, and as the iShares Ethereum ETF nears a crucial milestone.<\/p>\n

Ethereum (ETH) was trading at around $2,500 at last check on Saturday \u2014 higher than this week\u2019s low of $2,380.<\/p>\n

A potential catalyst for ETH is the ongoing exchange-traded fund inflows, which have surged in the past few weeks. SoSoValue data<\/a> shows that these funds have added substantial inflows in the past three weeks.<\/p>\n

They added $25 million on Friday, the 15th consecutive day of gains, bringing the cumulative inflows to over $3.3 billion. All these funds now hold over $9.4 billion in assets, equivalent to 3.1% of Ethereum\u2019s market cap.<\/p>\n

<\/p>\n

The iShares Ethereum ETF, whose ticker symbol is ETHA, has had a cumulative inflow of $4.85 billion and is slowly nearing the $5 billion milestone. This growth is likely because BlackRock is the biggest name in the ETF industry, and it trades at a 0.35% discount to net asset value.<\/p>\n

Rising Ethereum ETF inflows are notable because it is an indirect signal that American institutional investors are buying.\u00a0<\/p>\n

More data shows that Ethereum\u2019s network is doing well. For example, the total value locked in its decentralized finance ecosystem has jumped by 26% in the last 30 days to $130 billion. Its bridged TVL<\/a> has moved to about $400 billion, while the stablecoins in its network have jumped to $125 billion.<\/p>\n

Ethereum price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows that ETH price surged in May and reached a high of $2,743, which coincided with the 50% Fibonacci Retracement level.\u00a0<\/p>\n

It has now formed a bullish flag pattern, a common bullish continuation sign. This flag pole is about 50% long, and measuring the distance from its breakout zone gives the target price of $4,097. This target coincided with its highest point in 2024.<\/p>\n

The other bullish case is that Ethereum price has formed a golden crossover as the 50-day and 200-day Weighted Moving Averages have crossed each other. This crossover often leads to more gains. For example, it happened in November last year, triggering a 35% jump.\u00a0<\/p>\n

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Ethereum price may be on the verge of a bullish breakout to $4,000 after forming a bullish flag and a golden cross pattern, and as the iShares Ethereum ETF nears…<\/p>\n","protected":false},"author":1,"featured_media":1118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2404","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\/2404","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=2404"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2404\/revisions"}],"predecessor-version":[{"id":2405,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2404\/revisions\/2405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1118"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}