Is Wall Street Really Warming Up to Ethereum? The Truth Behind ETH ETF Inflows

Actionable Market Insights

A year ago, when enthusiasm for the launch of Ethereum ETFs was at its peak, we took a contrarian bearish stance. Wall Street lacked a compelling marketing narrative to position these products to institutional investors, and on-chain activity on the Ethereum network was largely stagnant. Unsurprisingly, Ether prices fell from $4,000 to $1,500.

Why this report matters

Now, as financial markets rebound, helped by easing concerns over Trump's tariffs, Ethereum has also recovered. While we expected a pullback a few days ago, price action has proven more resilient than anticipated.

The key questions now: Has Wall Street finally begun effectively marketing Ethereum ETFs to long-only investors, potentially unlocking a similar inflow dynamic to Bitcoin? Has on-chain activity improved after the Petra upgrade, as Ethereum attempts to recapture value lost to Layer 2s? And is Sharplink Gaming’s $425 million ETH treasury purchase a sign that institutional adoption is finally taking root? Or is the recent progress of the GENIUS Act, a stablecoin bill advancing in the U.S. Senate, the real catalyst behind Ethereum’s price resilience?

Where do we stand on Ethereum today?

Technically, Ethereum is approaching the apex of a broader triangle formation, with an eventual breakout likely to push prices toward either $2,000 or $3,000. Such a move would be significant and could be triggered by shifting fundamentals or simply the entry of a large buyer.

Ethereum is approaching the apex of a broader triangle formation