Ethereum may be under pressure on the charts, but behind the scenes, bullish signals are rapidly stacking up. Despite a 1.82% drop today and a 26.75% decline over the past year, a prominent crypto analyst known as Unipcs—also referred to as “Bonk Guy“—has outlined several key factors that could spark a powerful ETH rally.
Ethereum ETFs See Massive Inflows
One of the most bullish trends cited by Bonk Guy is the consistent inflow into Ethereum exchange-traded funds (ETFs).
According to Coinglass data, ETH ETFs have now posted 15 consecutive days of positive inflows.
- BlackRock’s ETHA led with $35.2 million in a single day
- Fidelity’s FETH followed with $12.9 million
- Grayscale’s ETH added $4.6 million
On June 3 alone, ETH ETFs recorded a massive $109.5 million in inflows—marking the highest single-day inflow for Ethereum ETFs so far this month.
Corporates Are Holding Ethereum
Bonk Guy notes a shift among institutions adopting Ethereum as a treasury asset. In a headline-grabbing move, SharpLink Gaming closed a $425 million private placement, led by ConsenSys Software Inc, to implement one of the largest Ethereum treasury strategies in public markets.
This signals growing corporate confidence in ETH, mirroring the Bitcoin-focused approach seen with MicroStrategy.
ETH Staking Approval in ETFs May Be Near
Regulatory signals suggest that ETH staking could soon be allowed in ETF structures. If approved, it could unlock significant institutional inflows and act as a major bullish catalyst for Ethereum.
Short Squeeze Ahead?
The analyst also pointed out that many funds and traders are currently shorting ETH. Should the price reverse upward, it could trigger a short squeeze, amplifying gains as traders rush to cover positions.
Meanwhile, weekly active Ethereum addresses have hit record highs, showing surging user engagement and strengthening the case for long-term growth.
ETH Supply on Exchanges Is Shrinking
Ethereum supply on exchanges is dropping fast—a sign that traders are moving assets to cold storage or staking, reducing sell pressure.
Notable 30-day ETH outflows include:
- Bitfinex: -572,946 ETH
- Coinbase Pro: -2,149 ETH
- OKX: -13,627 ETH
- Kraken: -6,428 ETH
- Bithumb: -19,572 ETH
In total, top exchanges including Binance and Coinbase saw a combined decline of over 261,000 ETH.
All-Time High Staking and Layer 2 Boom
The Ethereum ecosystem is also expanding, with over 34.6 million ETH now staked, locking up a significant portion of supply.
Moreover, Layer 2 networks like Base are showing explosive growth, pointing to increasing scalability and mainstream adoption.Bottom Line: While Ethereum’s price performance may look disappointing in the short term, on-chain data, ETF inflows, treasury adoption, and growing network activity all hint at a potential breakout rally on the horizon.
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FAQs
Ethereum’s price is up today due to continued strong inflows into ETH ETFs (e.g., BlackRock, Fidelity), rising institutional confidence, a shrinking supply on exchanges, and the overall positive sentiment in the crypto market with Bitcoin approaching $110,000.
The US Consumer Price Index (CPI) report, due out this Wednesday, is crucial. If inflation data is higher than expected, it could dampen crypto sentiment and ETH price. Conversely, lower-than-expected CPI could trigger gains for ETH.
As per our ETH price prediction 2025, the ETH price could reach a maximum of $5,925.
