Mike Smith
November 20
Ethereum started November with an impressive 40% growth, but it has proven difficult to maintain the momentum. However, stabilization above the $3,000 mark and active interest from institutional investors can support further strengthening of the altcoin’s positions. One of the key drivers is Ethereum ETFs, which have attracted record investment volumes.
Last week, Ethereum ETFs recorded the highest weekly inflows since their launch. BlackRock made a significant contribution to this process, providing an inflow of capital in the amount of $286 million. The total amount of investment in ETH ETFs for the week reached $550 million. This data reflects the growing confidence of institutional investors, which is based on the recovery of the Ethereum price and record highs of Bitcoin.
Growing activity in the ETF segment strengthens Ethereum’s position as a diversified asset in the cryptocurrency market. This trend could provide momentum to break out of the current price stagnation. The market sentiment is increasingly leaning towards the optimistic forecast, which creates favorable conditions for a bullish trend.
Interest in Ethereum among institutional players extends beyond ETFs. According to a CoinShares report, net capital flows into Ethereum through exchange-traded products (ETPs) in November amounted to $789 million. This scale of investments indicates an increased interest in ETH as a long-term asset. The participation of large players highlights the strategic importance of Ethereum in investment portfolios and its potential for growth.
Currently, Ethereum holds a key mark of $3,001, which corresponds to the Fibonacci level of 61.8%. This level is often considered the basis of a bull market, ensuring price stability. If institutional activity continues and market sentiment remains positive, Ethereum could break resistance at $3,248.
However, continued growth depends on ETH’s ability to maintain its current levels and maintain investor support. Any price decline could dampen optimism and undermine market confidence. In the long term, Ethereum’s success will be determined not only by its current momentum, but also by the willingness of institutional players to continue supporting the asset.
