A wave of institutional capital has propelled United States spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) to a historic milestone. Over the past five days, these investment products have posted a record-breaking weekly trading volume of approximately $40 billion, signaling a significant surge in demand for regulated crypto assets.
The renewed enthusiasm is particularly evident in the Ethereum market. U.S. spot Ether ETFs accounted for an impressive $17 billion of the total weekly volume. This powerful momentum suggests that institutional investors are increasingly confident in Ether’s potential. If this level of demand continues over the next two weeks, the total net inflow for the current month is on track to easily surpass last month’s already substantial figure of $5.43 billion.
Meanwhile, spot Bitcoin ETFs also demonstrated healthy growth. The weekly total net inflow for BTC products saw a gradual but firm increase, reaching approximately $561 million. This more than doubles the $246 million recorded in the previous week, indicating a steady and strengthening appetite for Bitcoin among institutional players.
Ethereum (ETH) Price Analysis: Is a New High on the Horizon?
From a technical standpoint, the outlook for Ethereum appears increasingly bullish on a larger time frame. The ETH/USD pair recently broke out of a multi-month consolidation pattern, often described as a megaphone structure, which is typically a positive sign for future price action.
Looking at the four-hour chart, ETH has been consistently forming higher highs and higher lows, establishing a clear upward trend. The price is currently approaching a critical technical level: the 50-period Simple Moving Average (SMA). Analysts are watching this indicator closely for two potential scenarios:
Bullish Case: If the price finds support at the 4-hour 50 SMA and rebounds, it could ignite the next leg up. A successful bounce could provide the momentum needed to push ETH towards the significant psychological level of $5,000.
Cautionary Note: However, a sustained close below the 4-hour 50 SMA could temporarily halt the bullish momentum. This might lead to a period of sideways consolidation as the market finds a new equilibrium.
Bitcoin (BTC) Price Outlook: Primed for a Bullish Rebound?
The consistent cash inflow into U.S. spot Bitcoin ETFs has been a crucial factor in maintaining a bullish market sentiment for the leading cryptocurrency. Following a significant price run-up that cooled in tandem with the leveraged market, BTC is now positioning itself for its next potential move.
On the four-hour timeframe, the BTC/USD pair recently dipped below its 50 SMA but found solid support at the 100 SMA late last week. This indicates that buyers stepped in at a key technical level to prevent a deeper correction.
Market analysts are now speculating on a potential rebound, especially if the CME gap—a price difference between the closing price on the Chicago Mercantile Exchange futures market and the opening price on the next trading day—is filled. A strong bounce from current levels could mirror historical patterns, such as the “crypto summer” of 2017, leading to renewed upward momentum in the coming days.
