Ethereum surges 5.4% to $4,409 as cooling U.S. inflation sparks ETF inflows over $1B, with analysts targeting $4,811 amid technical breakout momentum.
ETH ETF Inflows Drive Price Towards $4,811
Ethereum is riding a bullish wave as U.S. inflation data and record ETF inflows push the crypto closer to its next big price milestone. July’s Consumer Price Index rose 2.7% YoY, slightly below the 2.8% forecast, boosting the odds of a September Fed rate cut to 82.5%. That macro optimism has lit up risk assets — and Ethereum is soaking it in.
As of now, ETH trades at $4,409.12, up 5.4% in the last 24 hours, with a hefty $47.9B in trading volume. The real kicker? U.S. spot Ethereum ETFs pulled in over $1 billion on August 12 alone, led by BlackRock’s ETHA smashing a $639M single-day record. Total ETH ETF AUM hit $19.2B, a 58% monthly surge.
Ethereum ETF Inflows Signal Big Moves Ahead
Crypto analyst Javon Marks points out ETH has rallied 261% since breaking a long-term resistance, now aiming for $4,811.71 — just under 10% higher from here. The breakout follows a recovery from the brutal 2022–2023 downtrend.
But the rally isn’t without risk. On-chain sleuth Spot On Chain spotted the Infini Exploiter selling 1,771 ETH for $7.44M DAI, and the Radiant Capital Exploiter offloading 3,091 ETH for $13.26M DAI. Both still hold large stolen stashes.
With macro tailwinds, ETF demand, and bullish charts, Ethereum’s path to $4,811 looks solid — as long as whales and hackers don’t rock the boat.
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