The US spot Ethereum ETF has reached a new milestone. According to SoSoValue ETH data, as of August 11, 2025, the inflow of funds into the ETH ETF has exceeded $1 billion, setting a record for the largest inflow since the launch of this financial instrument. Among them, the ETHA fund under BlackRock has performed particularly well, attracting $640 million in inflows, ranking first. Over the past few months, the inflow of funds into the ETH ETF has maintained a steady growth trend, which may be an important factor driving the ETH price back to the $4,000 mark.

Although the ETF inflow reached a historic high on August 11, Ethereum (ETH) still experienced a 0.5% pullback on that day. While it appeared red on the daily chart, ETH's price remained in an upward trend over other time periods. According to CoinGecko data, ETH has risen 17.5% on the weekly chart, 13.2% on the 14-day chart, and even 45% on the monthly chart. Since August 2024, ETH's cumulative increase has reached 69%. Currently, as the second-largest cryptocurrency by market capitalization, ETH has fallen 11.9% from its historical high of $4,878.26.

The pullback of ETH may be related to the general patterns in the market. Currently, the cryptocurrency market seems to be reacting to the upcoming Consumer Price Index (CPI) data. Many experts expect that both the CPI and core CPI data will see a slight increase. This data will directly impact the Federal Reserve's meeting later this month in Jackson Hole and may set the tone for market participants' expectations regarding monetary policy in September.

Additionally, the global trade war and economic uncertainty may have exacerbated the adjustment of Ethereum and the broader market. The tariff policies implemented by President Trump have had a profound impact on the global economy.

Market analysts believe that there is a high likelihood of the Federal Reserve cutting interest rates in September. Once the rates are cut, it may lead to an increase in risk investments, further pushing up the price of Ethereum (ETH), potentially even reaching a historical high.