Key highlights:
- BlackRock’s ETHA accounted for nearly 80% of daily Ethereum ETF inflows, cementing its position as the dominant spot ETH fund
- The inflow surge follows BlackRock’s planned 1-for-3 reverse split, which is expected to reduce trading costs and improve liquidity
- Ethereum has reclaimed key moving averages, while rising Coinbase demand and whale activity suggest bulls are preparing for another breakout attempt
BlackRock’s ETHA dominates Ethereum ETF inflows
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Although a reverse split does not change the fund’s underlying value, the lower trading friction could make ETHA more attractive to institutional investors and active traders.
The announcement appears to have reinforced investor confidence, helping ETHA capture the overwhelming majority of fresh capital entering Ethereum ETFs.
Technical recovery gathers momentum
Ethereum’s price structure has also improved significantly over recent sessions. At the time of writing, ETH was trading at $1,871.
The asset has successfully reclaimed both its 20-day and 50-day exponential moving averages, signaling that buyers are gradually regaining control after weeks of consolidation.
However, bulls continue to face a critical obstacle.
The supply zone between $1,895 and $2,015 has repeatedly rejected Ethereum bullish advances over the past two weeks, with three separate breakout attempts failing to establish a sustained move above resistance.
That area now represents the most important technical hurdle before a broader recovery can develop.
Despite those repeated rejections, momentum indicators are beginning to favor buyers. The Stochastic RSI has bounced from oversold territory, a signal that has historically preceded renewed buying pressure during previous recovery phases.
If bulls successfully clear the current supply zone, Ethereum could enter a stronger bullish trend as sidelined investors regain confidence.
U.S. demand strengthens the bullish case
Institutional flows are not the only signal turning positive. The Coinbase Premium Index has recorded a sharp increase over the past 48 hours, indicating that U.S.-based investors are paying higher prices for Ethereum compared to offshore exchanges.
In most previous similar turn of events, rising Coinbase premiums have reflected stronger institutional and high-net-worth demand entering the market.
Combined with ETHA’s dominant inflows, the latest premium suggests that capital continues rotating into Ethereum despite broader market uncertainty.
If ETF demand remains elevated while U.S. investors continue accumulating, the additional buying pressure could provide the catalyst needed for Ethereum to finally overcome its multi-week resistance zone.
All in all, improving technical indicators, strengthening institutional participation and renewed optimism surrounding BlackRock’s ETF continue to support the case for another bullish breakout attempt.
Source:: Ethereum Price Eyes Breakout as BlackRock's ETHA Dominates ETF Inflows Ahead of Reverse Split