Ethereum has rallied 54% in the past month, outperforming Bitcoin’s 10% gain. Currently trading around $3,450, ETH has seen strong ETF inflows led by BlackRock’s ETHA fund, which attracted nearly $500 million in a single session.
Analysts forecast a potential breakout to $4,500–$5,000 if inflows persist and staking participation (now over 120.7 million ETH) continues to rise.
Onchain metrics have shown further inflows into accumulator wallets as whales load up on ETH while retail investors are distracted by market volatility.
With companies like GameSquare Holdings adopting ETH for treasury diversification, and exchange reserves shrinking, supply pressure could push ETH even higher going into Q4 2025.
