Ethereum ETFs Explode: Bullish Rebound Confirmed to $3,400?
Ethereum is gaining strength again in the crypto world. In just a few days, $163 million has flowed into its ETFs. Both technical and fundamental clues are pointing toward a rise. Many are asking if Ethereum will break through the $2,900 level soon. It looks like a big move could be coming, pushed by large investors.
Some experts think Ethereum could soon hit $3,400, led by a wave of ETF investments.
Here’s a quick summary: Ethereum ETFs have pulled in $163 million, with BlackRock leading the way. Signals on the chart and on-chain data show a bullish trend. The RSI is at 70.47, and $2,720 is a key support level. Peter Brandt says ETH could reach $4,000, sparking talks of a new bull run.
Why are Ethereum ETFs drawing in major investors again?
The crypto market just saw a strong sign. Ethereum ETFs gained $163 million recently. This includes $71.3 million in a week and $92 million in a single day on May 29. On that day, BlackRock alone brought in $50 million. This shows big investors are back and eager to put money into ETH. The boost in capital shows renewed hope for Ethereum, even with ongoing regulatory worries.
The recent inflows into ETH ETFs—$92 million on one day and $163 million overall—are a good sign. If this momentum continues, Ethereum could see a sustained rise. ETFs often reflect the overall confidence in cryptocurrencies, not just speculation.
On-chain data supports Ethereum’s comeback too.
There is an increase in cross-chain transfers, with Ethereum leading other networks.
The supply of stablecoins has grown by 4.1% in the past two weeks.
Activity from active wallets increased by 12% over a week.
These signs point to healthy growth for Ethereum’s network. More developers, users, and investors are showing interest again. Bitcoin is also moving strongly, adding to the market’s positive mood. This mix of factors could push ETH to higher levels soon.
Ethereum is now trading between $2,111 and $2,819.
There are positive signs on the charts, like the Golden Cross from May 18.
If ETH can clear $2,700 with good volume, it could aim for $3,000 to $3,400 soon.
If it fails to pass that level, prices might drop back to $2,500 or even $2,300.
The market stands at a turning point.
It could break higher or settle into a smaller move. The next few days will show what’s coming next.
Market excitement may grow if Ethereum breaks through key resistance levels.
But volatility is high, and the recent hype could fade fast.
Peter Brandt’s bold call for ETH reaching $4,000 is getting a lot of attention.
His prediction is a surprise, coming from someone usually cautious.