Ethereum Hits $3,000 As ETF Inflows Soar to 2025 Highs; Is $5000 Next?

Ethereum (ETH) has crossed above $3,000 for the first time since February 2025 as the crypto market edges higher. As of writing, the Ethereum price stood at $3,008 with an 8% gain in 24 hours and a staggering $37 billion in daily traded volumes. A bull flag breakout and surging demand for spot ETH ETFs suggest that more gains are likely to a fresh all-time high of $5,000.

Ethereum Price Hits $3,000 for First Time in 5 Months

ETH has crossed the psychological resistance level of $3,000 for the first time in five months amid an increase in buying activity and a fresh wave of market interest towards the largest altcoin. Due to these gains, data from Coinglass shows that a large number of bearish traders with open short positions are squeezing out.

In just 24 hours, more than $219 million in short positions face closure, which adds to the buying pressure driving Ethereum price gains. Moreover, the current market conditions seem to be favoring long traders due to an increase in the funding rate to the highest level in a month.

The above data also shows that derivative traders are drawing their attention to ETH’s performance after derivative trading volumes increased by 39% to $126 million, while open interest also reached a multi-month high of $42 billion.

ETH Targets 78% Bull Flag Breakout Rally

On the daily timeframe, Ethereum price had created a bull flag pattern, and it had broken out from the resistance level of this flag to suggest that another rally might be on the way, and ETH was headed to not only its previous all-time high, but to a highly anticipated price of $5,000.

The height of this flag pattern is from the support level of $1,540 to the resistance level, which lies at $2,742. Considering that the ETH price has already made a decisive close above this resistance level, and the ongoing crypto market rally is supporting the likelihood of more gains, it is possible that a 78% rally, as shown by this pattern, might happen.

As CoinGape reported, the golden cross might push Ethereum to $4,000, considering how the altcoin previously reacted to this pattern. In November 2024, ETH rallied by more than 38% after this pattern appeared, and if history repeats itself, which is usually the case with crypto assets, more gains might be on the way.

While the signals are aligning to support a bull run, traders should remain cautious of Ethereum reaching overbought levels because of the RSI indicator, which has reached 71. However, there could be room for more growth, considering that the RSI previously surged past 80 before retreating.

Ethereum ETF Inflows Surge to $383M, Highest Since December 2025

Rising institutional demand is driving massive gains for the Ethereum price as seen in the rising inflows towards spot ETH ETFs. Data from SosoValue shows that yesterday, the inflows to these products soared to $383 million, the highest level since December 2025.

BlackRock has hit a 2 million milestone with its Ethereum ETF, marking a new record. This Wall Street giant now holds 2 million ETH tokens, indicating that institutions are beginning to seek out alternative assets despite Bitcoin reaching an all-time high.

In summary, the Ethereum price is on a massive bull run today because crypto prices are surging as Bitcoin creates a series of new record highs simultaneously. As it breaks $3,000, the surging inflows from spot ETH ETFs might be the much-needed catalyst to propel the price to the bull flag target of $5,000.

muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.