Ethereum ETF Inflows Hit $13.7B Amid Price Pullback

- ETH price retraces 12% to $4,300 after $4,950 high. - Institutional and retail optimism signal potential for $12,000 ETH. Ethereum's price has retraced 12% from its all-time high of $4,950 and is currently trading at $4,300. Despite this pullback, strong institutional inflows, record-breaking network activity, and bullish technical signals suggest continued growth. On August 29, 2025, Cointelegraph reported that U.S.-based spot Ethereum exchange-traded funds (ETFs) have attracted significant institutional interest. Single-day inflows hit a record $1.02 billion on August 11. Since their launch in July 2024, cumulative net inflows have surpassed $13.7 billion, and the funds have seen six consecutive trading days of capital inflows. In addition, corporate adoption is also rising; for instance, BitMine Immersion Technologies increased its Ethereum holdings. Robust growth metrics from the Ethereum network support this positive outlook. Monthly average transactions surged 57%, rising from 31.7 million in July to 49.8 million in August, while active addresses grew by 24% to 9.6 million over the same period. Weekly decentralized exchange (DEX) volumes also reached a record $39.2 billion during the second week of August. This performance solidifies Ethereum’s dominance in the DeFi market, where it holds a 60% market share representing $92 billion in total value locked. From a technical perspective, analysts have identified bullish chart patterns. These patterns suggest potential price targets ranging from $7,000 to $12,130, with some projections for this cycle reaching as high as $20,000. Additionally, Ethereum’s performance against Bitcoin has gained attention, as the ETH/BTC pair rose by 195% since April to achieve a 12-month high. Analysts believe this outperformance may signal an upcoming altcoin season, with Ethereum continuing to lead the broader market transition. According to CoinMarketCap, Ethereum (ETH) was trading at $4,332.29 as of August 29 at 17:09 UTC. Its 24-hour trading volume had declined by 3.22%.