ETH Eyes $3,400 as ETFs Hit $5 Billion Milestone

- Over $1 billion flowed into ETH ETFs in a single week. - Treasury purchases of $1.6 billion bolster Ethereum price optimism. ETH is climbing toward a $3,400 price target, with new bullish momentum ignited by over $1 billion in Ether ETF inflows and $1.6 billion from corporate treasury purchases. On July 15, 2025, Cointelegraph reported that Ether ETFs reached a $5 billion inflow milestone, with a total of $1 billion arriving in just the past week. For the week ending July 11 alone, net inflows into ETH ETFs totaled $908 million, marking the ninth consecutive week of positive flows. This consistent influx of institutional funds reflects growing investor confidence in Ethereum as a prominent digital asset. In addition to ETF inflows, corporate treasuries have significantly increased their Ethereum holdings over the past 30 days, purchasing more than 545,000 ETH valued at over $1.6 billion. Two companies, Bit Digital and SharpLink Gaming, played key roles in these acquisitions. Bit Digital shifted its strategy to accumulate approximately 100,603 ETH, while SharpLink Gaming expanded its holdings to over 270,000 ETH. These actions demonstrate strong institutional support for Ethereum’s long-term potential. From a technical perspective, Ethereum faces a critical resistance level at $3,083. Analysts note that a successful breach of this threshold could push the price toward $3,153 and eventually the $3,400 target. On the downside, initial support is at $2,879, while the 20-day exponential moving average offers further support at $2,734. Analysts are watching Ethereum’s recent upward momentum closely, noting the potential for sideways trading in the $2,800 to $3,000 range as the market consolidates energy for the next significant move. As of July 15, 19:27 UTC, Ethereum (ETH) is trading at $3,076.29, and its 24-hour trading volume has increased by 2.66%, according to CoinMarketCap.