ETH advances as BlackRock's ETF inflows highlight growing interest: weekly report

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Ethereum gains 10.39% this week

Highlights

Ethereum remains in a sustained downtrend, trading well below major moving averages with sellers maintaining control.
Despite a sharp 10.39% rebound from recent lows, technical indicators collectively signal weak underlying momentum and bearish sentiment.
The expected price range for the coming week is $1,505–$1,960, with consolidation likely between $1,600 and $1,850 amid low probability of upside breakout.

Renewed institutional inflows and protocol upgrades fuel confidence this week

Ethereum saw renewed institutional interest, with U.S. spot Ethereum ETFs recording three consecutive days of net inflows, mainly driven by BlackRock's ETHA fund. The Ethereum Foundation announced the 'Lean Ethereum' protocol overhaul, prioritizing quantum resistance, higher throughput, and privacy. In addition, accumulation by corporate treasuries and BitMine, as well as the launch of the Ethereum Institutional nonprofit, signal ongoing confidence and infrastructure development.

Broad technical weakness deepens amid volatility and oversold signals over the week

Weekly technical analysis reflects lingering bearish momentum, as ETH sits well below key weekly moving averages: MA-20 ($2,010.91), MA-50 ($2,900.47), and MA-200 ($2,472.55). Ichimoku Kijun ($2,454.29) acts as distant dynamic resistance, while MACD (Strong Sell, -330.93) and ADX (Sell, 20.61) confirm continued downside pressure. The asset’s RSI (37.78) remains weak, CCI shows a negative reading (-84.43), and Bull/Bear Power is deeply negative at -82.92 (oversold), though the Stochastic RSI is neutral. Ethereum trades in the middle of its weekly range with elevated volatility at 14.79%.

Range-bound action expected as soft sentiment limits breakout odds next week

Over the next 7 days, ETH is expected to consolidate in a $1,600 – $1,850 band, within a broader weekly range of $1,505 – $1,960, as signaled by prevailing bearish indicators and recent price behavior. A move above $1,960 could potentially trigger a run at $2,000, though this scenario holds less than a 20% probability given the lack of bullish signals from major weekly indicators. A downside break below $1,600 opens the path to test support near $1,500. Sideways or soft negative action remains the baseline forecast given the technical and sentiment backdrop.

Parshwa Turakhiya, analyst, sees Ethereum showing resilience this week with a strong rebound from last week’s lows, yet notes that the price remains under heavy bearish influence. Fresh institutional inflows and positive sentiment from new protocol upgrades and treasury accumulations offer tactical encouragement, but the technical picture is still dominated by downside risk indicators and weak momentum. He believes the consolidation phase is likely to continue in the $1,600 – $1,850 zone unless a significant sentiment shift occurs. Key resistance at $1,960 limits the odds of a sustained breakout, while support near $1,500 anchors the lower bound. "With sentiment improving but the trend still bearish, I see more opportunity for rangebound setups this week — not chasing upside until we reclaim key moving averages."

Earlier, analysts noted that Ethereum was struggling with sustained downside momentum and limited recovery potential amid weak institutional demand. The recent combination of renewed ETF inflows and significant protocol developments introduces the possibility of deeper long-term shifts, making the $1,600 support a crucial level for traders to monitor in the coming week.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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