Key Takeaways
Ethereum (ETH) is back at a critical level after dipping below $2,500, just as institutional inflows into Ethereum ETFs notch their seventh straight week of gains.
Despite this steady vote of confidence from big players, ETH’s price has yet to catch up. Some analysts still see upside potential for the second half of 2025, but the clock is ticking.
So, can Ethereum regain momentum? Let’s take a closer look at the key on-chain data and technical indicators shaping ETH’s next move.
Ethereum ETFs are finally seeing some real traction. After a sluggish first quarter, inflows have picked up significantly in the second half of Q2.
According to Glassnode, Ethereum ETF products pulled in 106,000 ETH last week, marking the seventh straight week of positive inflows.
At current prices, that’s more than $260 million flowing into ETH via institutional channels. Historically, this kind of momentum tends to push prices higher.
But so far, ETH hasn’t made much of a move. While it’s managed to stay above the $2,000 mark, it’s only up around 2.4% over the past week. And over the last 24 hours, it’s mostly moved sideways.
Still, other on-chain signals suggest ETH could be setting up for something bigger and possibly avoiding another major dip.
Ethereum still needs some firepower to break through the current consolidation zone.
For instance, data from Santiment shows that the Market Value to Realized Value (MVRV) Long/Short difference has risen from -43.34% in May to -4.20% today.
The rise in the MVRV Long/Short difference indicates long-term holders are now moving toward having more unrealized profits than their short-term counterparts.
Historically, that is a bullish sign; however, the metric must cross above the zero line to validate ETH’s price rebound.
Should that happen, then ETH might rise toward $3,000 this month.
Supporting the signs above, Shawn Young, Chief Analyst at MEXC Research, mentioned that the Ethereum ETF inflows last month could be one reason the cryptocurrency’s price rallied in July.
While listing other factors, the analyst said ETH’s price might hit multi-month highs.
“With risk appetite slowly returning to the market, stabilizing geopolitical situation, and improved global liquidity, ETH looks well-positioned for further gains in the coming weeks. If current momentum persists and macro conditions remain favorable, a move towards $3,000 and potentially $3,300 seems increasingly plausible,” Young told CCN
From a technical perspective, CCN observed that Ethereum’s price has formed a bull flag. The pattern began with a sharp uptrend to $2,679 around the second week in May and formed the flag.
Since then, ETH has been consolidating while forming the flag. Amid this, the Awesome Oscillator (AO) remains negative.
However, the green histogram bars indicate that momentum is switching from bearish to bullish. Should this trend improve above the zero signal line, ETH’s price might break the resistance at $2,745.
If achieved, this could drive the cryptocurrency’s value to $3,067. Increased buying pressure could see ETH rise to $3,465.
On the contrary, if bulls fail to push the price above the upper trendline of the bull flag, this prediction might not happen. In that scenario, Ethereum’s price might decline below $2,000.