The leading altcoin #إيثريوم has remained range-bound since Tuesday, delivering a lackluster performance over the past four days.
However, institutional investors seem largely unfazed by this price stagnation. On-chain data has shown that they continue to increase their exposure to the altcoin.
Weekly inflows to the Ethereum ETF $ETH increased by 400%.
After U.S. President Trump announced a ceasefire between Israel and Iran on Monday, the market saw some recovery from last week's sell-off and bounced back. On that day, Ethereum recorded a daily increase of 8%.
However, its price has mostly moved sideways since then, failing to break clearly in either direction. Interestingly, amid this lackluster performance, institutional investors have remained resilient.
According to Soso, Value, demand for Ethereum ETFs has increased this week. At the time of publication, weekly inflow to these funds was $206 million.
Total net inflow for the Ethereum spot ETF.
Although the latest daily figures have not been recorded at the time of this report, cumulative net flows for the week have already risen over 400% above last week's total of $40.24 million, indicating a sharp increase in institutional appetite.
This increase in ETF flows suggests that professional investors are positioning themselves to benefit from a potential rise, betting that Ethereum could rebound strongly in July.
Moreover, the Ethereum Smart Money Index (SMI) trended upwards this week, confirming the growth in bullish bias towards the leading altcoin. At the time of publication, this index, which tracks trading activity of key market participants, stands at 2,088, up 1% since Monday.
Ethereum Smart Money Index$ETH .
The rise in the Ethereum Smart Money Index aligns with the increase in ETF flows, reinforcing the growing positive sentiment among sophisticated investors.
The fate of Ethereum #ETH depends on new demand.
A mix of rising ETF flows, smart money accumulation, and a broader market recovery could help Ethereum emerge from its current stagnation as July begins.
If the altcoin witnesses a recovery in demand in the coming days, its price could rise to $2,569. A breakout above this resistance could push the coin towards $2,745.
Ethereum Price Analysis.
However, if demand collapses and bears regain control, the price of Ethereum could drop lower, falling to $2,185.