Why is ETH’s price up today?
Ethereum (ETH) rose 5.28% to $4,649.36 over 24h, driven by institutional ETF inflows, technical momentum, and bullish derivatives positioning.
1. ETF inflows surge – $1.7B+ in spot ETH ETF inflows this week
2. Short squeeze risk – $1.66B in shorts at risk if ETH hits ATH ($4,860)
3. Whale accumulation – Institutions like BitMine added 266k ETH ($1.23B) this week
Deep Dive:
1. Institutional Demand via ETFs (Bullish Impact
Overview: Spot Ethereum ETFs saw $1.7B+ inflows this week (Crypto.News), with BlackRock’s ETHA ETF alone attracting $132M on August 13. Corporate treasuries (e.g., BitMine) added 266k ETH ($1.23B) to reserves
2. Technical Breakout (Mixed Impact)
Overview: ETH broke above $4,500 resistance, with RSI14 at 77.76 (bullish but nearing overbought). MACD histogram at +54.48 signals strong momentum.
3. Derivatives Fueling Volatility (Bullish/Bearish)
Overview: $86M ETH shorts liquidated in 24h. Open interest hit $760B, with perpetual funding rates at +0.0093% (bullish but low vs. June’s +0.03%).
