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- Ethereum (ETH) ETFs saw $500 Million in inflows last week, marking the third-largest single-day inflow since launch.
- Analysts predicted ETH could hit $4,000 in March, with some projecting a $6,000 breakout.
- ETH rebounded 36% from $2,150 to $2,920 but faced key resistance.
Ether recently witnessed a surge in institutional interest, with spot Ethereum ETFs adding $500 Million in a week. This was responsible for 16% of total net inflows, according to CoinGlass. With this, the total amount of ETH ETF assets managed reached $3.17 Billion.
Major players like BlackRock, Grayscale, and Fidelity continue to dominate Ethereum ETFs holdings. With $3.75 Billion in AUM, BlackRock’s iShares Ethereum Trust (ETHA) is in first place.
It is ahead of Grayscale’s Ethereum Trust (ETHE), which has $3.67 Billion. At the same time, Fidelity’s Ethereum Fund (FETH) holds $1.34 Billion.
The inflows peaked on February 4, with a massive $307 Million added in a single day. This made it the third-highest daily inflow in Ethereum ETFs history.
The last time ETH ETFs saw such momentum was in December 2024. At that time, the prices surged in response to growing institutional accumulation.
Will Ethereum Hit $6,000? Analysts Weigh In
Ethereum’s price rebounded 36% from $2,150 to $2,920 between February 3 and 4, fueled by ETF inflows. However, the ETH price was still 27.5% below its 2025 peak of $3,750. Additionally, it was nearly 45% off from its all-time high of $4,890 in November 2021.
Despite the price tag, several analysts see Ethereum primed for a breakout. Crypto trader FOUR | Crypto Spaces believes ETH is “programmed” to hit $4,000 in March.
He predicted a strong reversal between the $2,400–$2,700 support zone. If ETH bounces from this range, he expected a straight push toward $4,000 in the coming weeks.
Meanwhile, Mikybull Crypto has a much bolder target. The analyst forecasted that the ETH will surge to at least $6,000, citing historical macro chart trends. According to him, similar patterns in the past have led to explosive Ethereum rallies.
Adding to the speculation, Ali Charts highlighted that Ethereum’s MVRV momentum shift has historically signaled significant turning points for ETH. Ethereum could be gearing up for another considerable price run if this trend holds.
Can ETH Break $3,000, or Is Another Pullback Coming?
While the bullish predictions suggest ETH could rally, Ethereum still faces resistance at the $3,000 level. Exchange data showed a recent outflow of 60,000 ETH. This could indicate profit-taking or institutional repositioning.
Additionally, long liquidations surged on February 3, reaching levels not seen since July 2022. This suggests that while demand is rising, volatility remains high.
Technical indicators showed ETH stabilized at around $2,720, with support at nearly $2,400–$2,700. If ETH fails to hold this zone, a $2,400 or lower retest could be possible before another leg up.
However, if ETH reclaims $3,000 with strong volume, it could pave the way toward $3,500 and $4,000. It could further align with analyst projections.
Ethereum ETFs are attracting institutional capital at a rapid pace. With this, $500 Million in new inflows marked a turning point for ETH demand. Analysts remain divided, with some expecting a move toward $4,000 in March.
At the same time, others see $6,000 as the ultimate target. To confirm a bullish breakout, Ethereum must hold support above $2,700 and break past $3,000. If it fails, a retest of lower levels could be on the horizon before ETH makes its next significant move.
With ETF flows surging and historical price patterns aligning, Ethereum’s next big rally may only be a matter of time. This could be seen only if it clears key resistance levels first.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
