In May, the surge in Ethereum price reignited investors' interest in ETH ETF. Within 31 days, the inflows of these investment products exceeded $550 million, setting a record for the highest monthly net inflow this year.
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Despite the pullback in ETH price over the past week, technical indicators suggest a recovery in the short term.
Monthly Inflows of ETH ETF Will Peak in 2025
According to SosoValue data, the total inflow of Ethereum spot ETF in May reached $564.18 million, the highest level this year.
The capital inflow was mainly driven by ETH's strong performance, with top Altcoins breaking through the key $2,000 level and successfully stabilizing above $2,500 during the month.
Bullish sentiment encouraged institutional investors to increase investment through spot ETF, preparing for the continued rise of Altcoins.
Ethereum Prepares for the Next Bull Market
Daily chart indicators show that ETH rose 49% between May 8 and May 13, then entered a consolidation phase and stabilized, forming a bullish flag pattern.
A bullish flag pattern forms when prices rise sharply (flagpole) and then experience a consolidation period similar to a small symmetrical triangle (flag). This pattern indicates that buyers are pausing before continuing the upward trend.
If ETH breaks through the upward trend, it could trigger a new round of rebound, reaching up to 49% of the initial increase. The breakthrough would confirm the continued bullish momentum and attract more capital inflow.
Additionally, according to Coinglass data, ETH's funding rate continues to remain above zero, indicating a tendency towards long positions even during a prolonged consolidation phase. Currently, ETH's funding rate is 0.0046%.
A positive funding rate means long holders are paying short holders, indicating bullish sentiment and more traders betting on growth.
Can Bulls Trigger a 49% Rebound?
ETH is currently trading around $2,529, above the lower line of the triangle flag, forming support at $2,479. If a bullish breakthrough occurs, ETH could rise another 49%, with a trading price of around $3,907.
However, if selling continues, the price may fall below the triangle flag and return to $2,419.
