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Ethereum Eyes Bullish Breakout amid Record ETH ETF Inflows

Amid the increasing crypto ETF inflows, the market sentiment is gradually improving. As the market bottoms out, will Ethereum (ETH) price break past the $3,000 mark for a price jump to $4,000?

Vishal Dixit By Vishal Dixit Julia Sakovich Edited by Julia Sakovich Updated 3 mins read
Ethereum Eyes Bullish Breakout amid Record ETH ETF Inflows
Photo: Vecteezy

Key Notes

  • Ethereum’s price recovered 0.99% in 24 hours, trading at $2,764.
  • Intraday gain of 1.15% after a 5% drop signals a V-shaped reversal.
  • Ethereum ETFs saw record inflows of $307.77 million on February 4.
  • Critical resistance at $3,000; support levels stand at $2,500 and $2,400.

With the crypto total market cap, excluding Bitcoin BTC $97 024 24h volatility: 0.9% Market cap: $1.92 T Vol. 24h: $27.54 B , recovering to $1.23 trillion, Ethereum ETH $2 709 24h volatility: 1.2% Market cap: $326.72 B Vol. 24h: $17.41 B is on the verge of starting a recovery rally. Currently, Ethereum trades at a market price of $2,764, marking a recovery of 0.99% over the past 24 hours.

Despite the short-term price trend highlighting a higher price rejection, the gradual shift in market sentiment hints at an extended rally. Will this recovery run in Ethereum drive a successful bull run in Ethereum? Let’s find out.

Is Ethereum Ready for a V-shaped Reversal?

In the daily chart, the Ethereum price trend records an intraday gain of 1.15% after a 5% drop last night. This marks a V-shaped reversal to retest the broken resistance trendline of the falling wedge pattern.

BITSTAMP:ETHUSD Chart Image by Trojan69420

With the intraday recovery, the stochastic RSI indicator signals a positive crossover in the oversold territory. This increases the possibility of a bullish recovery in ETH prices.

Furthermore, the intraday gain near the lower Bollinger band signals a slim chance of a recovery run, as the bulls sustain dominance near the $2,750 support level.

Ethereum ETF Inflows Hit Record High in 2025

Amid the rising possibility of a bullish recovery, the institutional support from Ethereum’s spot ETFs continues to surge. On February 4, the daily total net inflow stood at $307.77 million.

Ethereum Eyes Bullish Breakout amid Record ETH ETF Inflows

Out of the total, BlackRock acquired the most ETH, with an inflow of $276.16 million, followed by Fidelity, acquiring $27.47 million. The only other purchaser, Bitwise, acquired $4.14 million worth of Ethereum, while the rest of the ETFs maintained a net zero flow.

Ethereum Eyes Bullish Breakout amid Record ETH ETF Inflows

This marks the highest inflow of 2025 for Ethereum ETFs and growing support for the biggest altcoin in the market.

Speculation Fuels Ethereum’s Bullish Momentum

With the rising inflow, the speculations in the derivatives market for Ethereum have significantly increased. With a 0.5% surge in open interest to hit $23.97 billion, the long-to-short ratio is finally equalizing.  This reflects a surge in the resurgence of bullish players.

Ethereum Eyes Bullish Breakout amid Record ETH ETF Inflows

Furthermore, the funding rate has seen a significant recovery after the market crash. With a surge from negative 0.0013% to peaking at 0.0080%, the bulls are extremely willing to hold on to their long positions by paying the extra premiums.

Hence, the speculations of Ethereum restarting a bullish rally have significantly increased.

ETH Price Targets

Based on the ETH price action analysis, a reversal rally will likely challenge the $3,000 psychological mark. This critical zone is now a support-turned-resistance level, becoming a critical obstacle for Ethereum.

A breakout above this will likely signal a successful bullish recovery in Ethereum, crossing above the $4,000 psychological level. On the flip side, the crucial support remains at $2,500 and $2,400.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Vishal Dixit
Author Vishal Dixit

Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.

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