#BlackRock⁩

$ETH Eyes $5,000 as BlackRock’s ETHA ETF Sees $500M+ Inflows 🚀

US Spot Ethereum ETFs recorded $556.92M in inflows last week, with BlackRock’s ETHA fund leading the charge, absorbing ~$513M. This marks the second straight week of positive institutional inflows, pushing cumulative inflows to $13.9B, with ETFs now holding $29.64B in ETH. 💰

Despite mixed results from other issuers like Fidelity and Grayscale, BlackRock’s dominance signals strong institutional confidence in Ethereum. 📈

Technically, $ETH is showing bullish signals. Trading at $4,475, analysts like VasilyTrader note a double bottom and breakout from a falling wedge on the 4-hour chart, targeting $4,741. Daan Crypto Trades sees $5,000 as achievable if ETH holds above $4,400. 🧠