Why BlackRock Ethereum ETF Inflows Not Lifting ETH Price? 3 Reasons

Over the last nine trading days, Ethereum ETF inflows have surpassed $492 million, fueled mostly by BlackRock's Ethereum ETF (ETHA) and sustained institutional buying from industry titans such as Grayscale. This level of attention has sparked heated debate in the cryptocurrency community: is it ready to burst, or are we witnessing a perfectly designed bull trap?

There has been considerable capital influx, yet its volume fell by 46.39% which has raised concerns. Price is currently trading at $2,496, very much at the psychological resistance of $2,500, without decisively breaking higher.

However, Viral talks about BlackRock and posts from influencer James Wynn call it a possible “PSYOP” to pull retail investors away from Bitcoin.

Source: James Wynn X

Why Ethereum Price Isn’t Moving With Institutional Money

The contradiction is clear — inflows are rising, but what’s happening with its price today? Why spot price and trading activity are not. Experts believe this is because most of the action is derivatives-based, not spot-based.

• ETH ETF institutional buying is taking place on paper.

• ETH open interest surge continues — now once again above historical levels.

• However, when open interest is going up without spot flow increase, it indicates high probability of liquidation cascades — particularly if it cannot break Ethereum price resistance of $2,500.

• This disconnect creates what is known as a "ghost rally" — high inflows but weak real support.

Crypto analyst CryptoGEMs published a comparative chart suggesting ETH's present cycle follows the 2018–2021 breakout structure — including accumulation zones and momentum setups.

Source: Crypto GEMs X Account

If history repeats, it will soon enter a parabolic phase. The caveat, unlike with the past breakout, is that sentiment and volume aligned, at present, only leverage is pulling weight.

Technical Breakdown: Volume Crash Meets Resistance Wall

Here’s what the 5-minute ETH/USDT Binance chart tells us:

Source: TradingView

• True Strength Index (TSI) shows a minor bullish crossover.

• Bullish-Bearish Power (BBP) holds at +2.71 — showing slight bullish bias.

• Volume bars shrink drastically

This chart pattern often leads to a strong move — either up or down — based on the next big news. At the same time, rumors about BlackRock Ethereum ETF staking and upcoming ETH spot ETF approvals in the U.S. are getting stronger.

Ethereum Coin Price Prediction 2025 — Still On Track?

Despite the near-term caution, many analysts still hold a long-term bullish view. According to macro sentiment and historical cycles, the coin price forcast ranges from $7,000 to $10,000, assuming real-world ETH staking, network utility, and ETF-backed inflows align over time.

But in the short term, breaking above $2,500 with volume support is critical for that journey to begin.

Ethereum ETF News Today — Final Takeaway

Ethereum ETF inflows are undeniably massive, but price action doesn’t lie. With volume falling and open interest soaring, it might be entering a highly manipulated phase, controlled by institutional actors and leveraged sentiment.

The next few days are critical. Will BlackRock ETH latest news trigger more accumulation? Whatsoever, smart investors will still wait for volume to return and price to confirm — because without real support, even $492M in inflows can’t hold the line.

Note: This analysis is educational in nature and does not constitute financial advice. Always do your own research before trading or investing.