According to @AltcoinGordon, Ethereum ETFs just booked their highest-ever weekly inflow at $2.85B, signaling exceptionally strong primary-market demand for ETH exposure, source: @AltcoinGordon on X. For trading impact, sustained ETF net creations can necessitate underlying spot ETH purchases by authorized participants under standard ETF creation processes, which can tighten exchange liquidity and support upside momentum in ETH and the ETH/BTC pair, source: U.S. ETF issuer prospectuses and SEC registration statements. To validate follow-through, monitor real-time ETF flow trackers for persistence of inflows, source: Farside Investors and SoSoValue; confirm spot trend and ETH/BTC strength on major exchanges, source: Coinbase and Binance; and assess institutional positioning via futures basis and open interest alongside options skew and IV for demand for upside hedges, source: CME Group and Deribit.

According to @rovercrc, traders are debating ETH price targets for this cycle, making it essential to anchor positioning to verifiable market drivers and reference levels, source: @rovercrc. ETH’s prior all-time high near 4,867 USD on Nov 10, 2021 is a widely watched breakout and invalidation level for trend strategies, source: CoinMarketCap. U.S. spot ETH ETFs were approved and began trading in July 2024, so monitoring daily creations/redemptions and cumulative net inflows has become a primary driver of marginal demand, source: U.S. SEC. Ethereum’s EIP-1559 fee burn and proof-of-stake issuance can reduce net supply during periods of high on-chain activity, which feeds into valuation and scarcity narratives used by traders, source: Ethereum.org. Institutional risk appetite and volatility regimes can be tracked via CME ETH futures and options open interest, basis, and term structure for confirmation or divergence signals, source: CME Group. Options market positioning on Deribit—such as 25-delta skew and large expiry open interest—can create pinning or gamma-driven moves around key dates, offering tactically actionable signals, source: Deribit.