$907 mln inflows for Ethereum ETF: What about ETH’s price?

Key Points

1. Spot Ethereum ETFs attracted $907.99 million in inflows over the past week, with a single-day record of $383.10 million on July 10th.

2. Bitcoin ETFs recorded $1 billion in inflows between July 10th and 11th, marking a two-day streak of $2.21 billion, the highest since their January 2024 launch.

3. Despite the strong ETF inflows, Bitcoin's price dropped 0.60% to $117,948.54, and Ethereum's price dropped 0.37% to $2,961.45 in the past 24 hours.

4. Analyst Ken 'Chicken Genius' Teng predicts Ethereum could reach $4,000 in the near future, while Bitcoin might hit $119,000 based on ETF momentum.

5. The Relative Strength Index (RSI) for both Bitcoin and Ethereum suggests that buying pressure remains despite short-term volatility.