ETH price returns to 3,000 USD

Ethereum (ETH) has recently finally broken free from months of sideways consolidation, and with the support of multiple bullish factors, its price has officially surpassed the key psychological level of 3,000 USD today, reaching a new high since early February. According to data from Farside Investors, in just 6 trading days, the Ethereum ETF has attracted nearly 900 million USD in inflows, indicating that institutional interest in ETH continues to rise.

Among them, BlackRock’s iShares Ethereum Trust (ETHA) performed the best, attracting $300 million in a single day on July 11, setting a new record for daily inflow for the product since its launch in 2024, far surpassing other competitors.

Institutional demand and trading volume rise together

According to Bloomberg ETF expert Eric Balchunas, the trading volume of ETHA has exceeded 800 million dollars per day for the past two days, which is four times the average daily trading volume. He further pointed out that, against the backdrop of rising prices, more large capital inflows may be seen in the coming days.

At the same time that funds are pouring into ETFs, Ethereum is also gaining support from the corporate side, with frequent reports of corporate finances shifting to Ethereum as a reserve asset. Additionally, the continuous strengthening of stablecoin infrastructure is providing a solid fundamental support for ETH with these structural positive factors.

ETH Market Forecast

Currently, after ETH successfully broke through the $3,000 barrier, market sentiment has significantly improved. According to technical analysis, if ETF capital momentum continues and institutional buying remains strong, ETH’s next target will point to the $3,500 range, while also being cautious of price corrections due to short-term profit-taking. The large inflow of ETF capital not only enhances ETH’s liquidity and acceptance but also gradually strengthens its position as a mainstream choice for global digital assets, and it may even challenge $4,000.

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Summary

ETH is no longer just a symbol of technological innovators; it has become part of institutional-level investment products. With the recognition of spot ETFs and a continuous influx of funds, ETH has entered a new stage of asset repricing. If this wave of the main upward trend continues, $3,000 may just be the starting point of this round of the market.