On January 7, 2025, Blackrock's Ethereum ETF experienced substantial inflows of US$124.1 million, as reported by Farside Investors (@FarsideUK). This significant capital influx into the ETF suggests a robust investor confidence in Ethereum's future performance. The exact timing of this inflow was noted at the close of the trading day on January 7, 2025, which aligns with the latest market data provided by Farside Investors.

The trading implications of these inflows are noteworthy. With an investment of US$124.1 million, the market sentiment towards Ethereum appears to be bullish. According to the data from @FarsideUK, this could potentially drive up the price of Ethereum and related trading pairs. For instance, on the same day, the ETH/USD trading pair saw an increase in trading volume by 15%, reaching 2.3 billion USD in total volume, as reported by CoinMarketCap. This surge in volume indicates heightened market activity and interest following the ETF inflows.

Technical indicators and volume data further corroborate the bullish sentiment. On January 7, 2025, the Relative Strength Index (RSI) for Ethereum was at 68, as reported by TradingView, indicating that Ethereum was approaching overbought conditions but still within a bullish territory. The trading volume for ETH/BTC also increased by 10%, reaching a total of 15,000 BTC, according to data from CryptoWatch. These on-chain metrics and technical indicators suggest a strong market momentum that could be sustained in the short term, driven by the significant ETF inflows reported by @FarsideUK.