Ethereum price Nears $3,700 as ETF Inflows Keep Coming Despite Market Fears
Ethereum approaches $3,700 as steady ETF inflows continue, defying broader market fears and signaling strong investor confidence.
The Ethereum price has surged 2.58% in the last 24 hours, to trade at $3,655.87, on a 38.65% pump in the daily trading volume, to $29.49 billion.
Ethereum Price Strength Confirmed by Institutional Demand
Ethereum price is back in the spotlight, trading just below $3,700 after a strong rebound from a recent dip to $3,350. The rally is largely fueled by significant inflows into spot Ethereum ETFs, pushing the price higher once again.
These steady inflows reflect ongoing investor interest, even as other parts of the crypto market face uncertainty and selling pressure. Spot Ethereum ETFs have registered over $5.3 billion in inflows for July, marking a record-breaking month for ETH-based funds.
This signals strong and steady institutional demand, with over 17 consecutive days of ETF inflows helping to keep ETH near its recent highs. Notably, ETH ETF inflows have now surpassed those of Bitcoin ETPs for the first time in 2025, highlighting rising institutional confidence in Ethereum’s long-term potential.
Total Ethereum Spot ETF Net Inflow Source: Coinglass
Despite recent market volatility and fear, investors are staying with Ethereum, unlike other assets. Analysts say this support comes from strong ETH fundamentals, like ongoing staking, network upgrades, and growing demand for ETH-based products.
ETH Price Chart Points to Bullish Continuation
The latest Ethereum (ETH) price chart, as shown, highlights strong technical bullishness supporting the recent price move. ETH price currently trades at $3,649, with recent candles rebounding above a key horizontal support ($3,600) after a brief pullback.
This support level matches the demand zone reflected in on-chain ETF inflow data, showing that buyers are stepping in as soon as the price approaches this area.
The 50-day simple moving average (SMA) at $3,038 and the 200-day SMA at $2,501 slope upwards, confirming a medium- and long-term uptrend. ETH price remains comfortably above both moving averages, reflecting strong market structure and aligning with the persistent ETF inflows.
ETHUSD Analysis Source: Tradingview
Momentum indicators also support the bullish case. The Relative Strength Index (RSI) stands at 58.39, which is neutral but suggests that ETH has plenty of room to climb before reaching overbought conditions. The ADX at 39.49 signals that the prevailing trend is strong, adding credibility to the ongoing uptrend.
Meanwhile, the MACD histogram shows a positive outlook, with the blue MACD line still holding above the red signal line, indicating that buying momentum could persist.
Ethereum ETFs have provided steady support for the ETH price, even as other assets face headwinds. Investors continue to withdraw ETH from exchanges, a sign that more buyers are holding for the long term, and that speculative selling remains low.
If ETF inflows remain strong, the ETH price could soon retest the recent swing high near $4,100. A clear breakout above resistance may spark a further rally toward $4,500 or higher, especially if market conditions improve.
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