Fidelity raked in $3.9 million in daily inflows for its Ethereum ETF, signaling fresh institutional appetite as spot ETH products gain traction. This bump arrives hot on the heels of recent ETH ETF inflows that pushed total assets higher over the past six months, contrasting earlier outflows during the mid-2025 crypto market crash. Traders eye this as a pivot point, especially with Bitcoin (BTC) hovering in correlated ranges, potentially fueling cross-asset hype in the broader market.

Zooming into the 4-hour chart, ETH trades at $2334.31 within a bullish structure, hugging the upper Bollinger Band resistance at $2426.22 while the RSI at 61.33 stays neutral, avoiding overbought territory. The MACD's golden cross at 36.22 screams bullish momentum, with price finding firm footing above the EMA50 support of $2235.7 and the longer-term EMA200 at $2136.81. Confluence here points to volatility exhaustion if it tags that upper band, setting up a quick dip to the EMA50 before resuming the uptrend—classic setup for proprietary desks to layer in longs, especially as ETH price prediction models forecast upside amid ETF momentum.