Ethereum Losing Momentum? Inflows Drop, Price Stalls Below $3,900

There was a significant drop in daily Ethereum inflows to $5.79 million. This development occurred as the price stalled under $3,900 mark.

ETH fell from a 70-day high of $3,933.79 to the current $3,860 level. Monthly performance shows 57.2% gains despite recent momentum slowdown.

ETH Spot ETF Flows Show Declining Momentum

On 30 July, Ethereum’s daily total net inflows dwindled to $5.79 million. The decline follows $218.64 million inflow on July 29, showing volatile patterns. Cumulative total net inflows reached $9.62 billion across all ETF products.

Total value traded reached $1.49 billion while net assets hit $21.43 billion. ETH spot ETFs now hold 4.71% of total Ethereum market capitalization.

As per weekly data ETH saw $289.58 million in inflows, which indicates a positive trend overall.

Individual ETF performance varies across different providers and exchanges currently.

BlackRock’s ETHA leads with $20.29 million daily inflows and $11.27 billion in assets. Grayscale’s ETHE saw inflows worth $7.77 million. But cumulative flows were negative $4.30 billion.

Fidelity’s FETH faced $22.27 million outflows despite $2.27 billion cumulative inflows. Several ETFs, including ETH, ETHW, FTHV, and EZET, show zero activity. Premium/discount rates remain mostly positive across active products consistently.

Ethereum Open Interest Dominance Reaches Multi-Year Highs

Ethereum open interest dominance climbed to nearly 40% according to Glassnode data. Since April 2023, this was the highest recorded level across markets.

Only 5% of trading days have recorded higher dominance percentages historically. The shift indicates a clear speculative focus moving toward Ethereum from Bitcoin.

Capital rotation occurs at the margin as traders adjust positioning strategies. Open interest measures futures and options contracts remaining open in markets.

Higher dominance levels suggest increased speculative activity and leverage usage. Traders position for potential price movements through derivatives contracts actively.

The 40% rise in OI is indicative of substantial participation in Ethereum futures market. The altcoin also saw a strong month-end close as it saw 54.83% rise in monthly gains.

The performance contrasts with the current price stalling below $3,900 resistance level. ETH fell from a 70-day high of $3,933.79 to the current $3,860 pricing. Monthly returns average 10.46% historically for July periods across years.

July 2025 had 54.83% gains, whereas the average July return is 10.46%. Volatility is reflected in the past records, with gains varying from negative to positive.

Yearly performance is different every year, with significant fluctuations being recorded. 2021 registered 11.14% July gains, whereas 2022 recorded 58.62% increases.

Recent years have seen mixed results with both positive and negative outcomes. Intraday price of $3,860 indicates faltering momentum below $3,900 resistance level.

The 70-day high at $3,933.79 established a short-term peak before a pullback. There are price action patterns of consolidation after significant monthly gains.

Ethereum Price Performance Shows Mixed Signals

Ethereum recorded significant increases in recent time frames with a 6.1% weekly performance. Two-week returns were 12.2% and monthly returns were 57.2% significantly.

However, current ETH price action shows stalling momentum below key resistance levels.

The cryptocurrency fell from a weekly high of $3,933.79 to its current price. This retreat creates questions about the continued upward momentum’s sustainability going forward.

Price consolidation occurs near $3,900 resistance zone, creating technical challenges.

Historical monthly data reveals Ethereum’s volatile nature across different years consistently.

Historically July notes a positive performance with 10.46% average returns. ETH’s 54.83% gains in July 2025 is substantially ahead of the historical averages.

Previous years show mixed July results, ranging from negative to positive territory. 2024 posted a negative 5.88% while 2023 gained 3.99% during July. 2021 achieved 11.14% gains, while 2020 reached 53.54% increases.

Current market conditions create uncertainty about momentum continuation despite strong fundamentals.

ETF inflows are declining from peak levels while open interest dominance increases. The combination creates a complex situation for price direction assessment.