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Key Insights:
- Yesterday’s $35.10 Million inflow in the Ethereum ETF propelled the ETH price by 8%.
- Ethereum’s daily transactions soar to a record high, hinting at rising demand ahead of a bullish breakout.
- An expert, Tom Lee, boldly predicted that Ethereum could reach $16,000.
The spot Ethereum ETF (Exchange Traded Fund) in the United States continues to see inflows. Yesterday, on August 6, 2025, the Ethereum ETF recorded a significant inflow of $35.10 Million. Its impact was recorded on the ETF price as it soared significantly.
$35.10 Million Ethereum ETF Inflow Led by BlackRock
Ethereum ETF data reveals that BlackRock’s ETHA is the only ETF issuer that continues to face massive inflows. Out of this $35.10 Million of the Ethereum ETF, BlackRock’s ETHA, recorded $33.40 Million of inflow. It was followed by Grayscale’s ETHE, which recorded $10 million.
With the rising institutional interest, Today, August 7, 2025, the Ethereum price has climbed over 8%. Moving ahead. It has reached $3,840 level. This notable surge has triggered massive participation from investors and traders over the past 24 hours.
CoinMarketCap data reveals that ETH’s trading volume during this period has jumped by 20% compared to the previous day. This surge in the trading volume hints at strong upside momentum and buying pressure in the asset.
Ethereum ETF Momentum Signals a Powerful Cycle
Given the current market sentiment, Thomas Lee (Tom Lee), an American Entrepreneur, boldly predicted Ethereum. He made the forecast during an interview with CNBC. Lee says Ethereum could reach $16,000 if it returns to its 2017 price ratio against Bitcoin.
Meanwhile, today, Ethereum’s daily transactions reached 1.87 million, near its all-time high of 1.96 million. This was recorded in January 2024. This was reported by a well-followed crypto expert who recently shared on X.
Daily transactions, strong Ethereum ETF inflows, and a bold prediction are fueling ETH’s momentum. This cycle is shaping up to be Ethereum’s moment.
Ethereum Price Action and Technical Levels
TradingView technical analysis reveals that Ethereum, with 8% price uptick, has reached the resistance levels of $3,900. As per the daily chart, the ETH price reached this level for the fourth time since July 20, 2025.
Whenever Ethereum reached this price level before, it faced selling pressure. That pressure triggered downward momentum. Even with the Ethereum ETF buzz, resistance remains strong.
Now, sentiment has shifted; investors and traders are only waiting for this key resistance level breakout. Based on recent price action, ETH may break above and close daily candle above the $3,900 level. This could pave the way for a significant rally.
However, $4,000 is also a key level for Ethereum. When combining these resistance levels, an Ethereum rally could quickly follow if a daily candle closes above the $4,000 mark. If this happens, the asset could soar by 20%, potentially reaching $4,865 or higher.
The Supertrend technical indicator has shifted to green and is positioned below the ETH price. This suggests the asset is in an uptrend and experiencing intense buying pressure.
$1.15 Billion Worth of Long Bets Spotted
Given the current market sentiment, intraday traders have heavily bet on the bullish side. On-chain analytics firm Coinglass revealed it.
EXH exchange data shows key liquidation levels at $3,755.8 and $3,771.9. These levels suggest traders are heavily over-leveraged. A sharp move could trigger widespread liquidations.
At these levels, traders have built $1.15 Billion worth of long positions and $323.42 Million worth of short positions. These bets make it clear that the bulls are back and strongly dominate the asset.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
