Ethereum Eyes $3,150 Breakout as $5.04M ETF Inflows End Outflows

Beincrypto reports that on January 12 spot Ethereum ETFs recorded $5.042 million in net inflows, ending a three-day outflow streak as ETH holds a longstanding ascending trendline and faces key resistance at $3,150.

SoSoValue data show BlackRock’s ETHA recorded $79.9 million of outflows while Fidelity, Bitwise, VanEck, Invesco and Franklin Templeton posted zero flows; 21Shares saw $5 million of inflows and Grayscale’s ETHE and ETH products reported $50.7 million and $29.3 million respectively. As of January 12 cumulative net inflows into Ethereum ETFs were $12.44 billion, with up to $940.66 million in total value traded and $18.88 billion in total net assets, the latter accounting for over 5% of Ethereum’s market capitalization. Bitcoin, Solana and XRP spot ETFs logged net inflows of $117 million, $10.67 million and $15.04 million respectively.

On the 4-hour timeframe ETH retains a bullish bias above the ascending trendline and the RSI is rising but remains around the 50 level. Traders are told to wait for a decisive 4-hour candlestick close above $3,150 and a successful retest to confirm a breakout toward the $3,223–$3,296 supply zone; failure at $3,150 or renewed negative ETF flows could trigger a pullback to $3,058 and would invalidate the bullish thesis if the trendline breaks.

Key Topics

Crypto, Ethereum, Spot Ethereum Etfs, Blackrock, Grayscale, Bitcoin