Ethereum Leaves Bitcoin Behind as ETF Inflows and Bullish Bets Build

Leading altcoin Ethereum is showing stronger momentum than Bitcoin (BTC) this week, driven by rising inflows into ETH-backed exchange-traded funds (ETFs). 

According to on-chain data, ETH ETFs have attracted more capital than their BTC counterparts, which could improve the altcoin’s price performance in the near term. 

Ethereum ETF Inflows Hit $1.8 Billion, Outpacing Bitcoin’s $388 Million

According to SosoValue, ETH ETFs have drawn in over $1.80 billion in inflows since August 21. It has outpaced BTC’s $388.45 million, reflecting a sharp shift in institutional interest, as capital flows increasingly tilt toward ETH over BTC.

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Total Ethereum Spot ETF Net Inflow. Source: Coinglass

Ethereum’s daily ETF inflows have stayed consistently strong across the week, peaking at $455 million on August 26. By contrast, Bitcoin ETFs have struggled to maintain momentum, weighed down by net outflows, including nearly $200 million leaving on August 21.

This inflow advantage has fueled ETH’s stronger price performance against BTC, pushing its value up 7% in the past week, while BTC notes a 0.32% price fall during that period. 

Bullish Bets on ETH Rise as Traders Position for Breakout

ETH’s long/short ratio remains above 1, showing that traders are backing the ETF-driven momentum with bullish positioning in derivatives markets. 

According to CoinGlass, the ratio currently sits at 1.03, showing that more traders take long positions than short ones.

ETH Long/Short Ratio. Source: Coinglass

The long/short ratio tracks the balance between traders betting on price increases (longs) versus those betting on declines (shorts). 

When the ratio is above 1, it indicates that long positions dominate, signaling bullish sentiment. Conversely, a ratio below 1 suggests that short positions are heavier, pointing to bearish expectations. 

For ETH, the climbing ratio suggests that many traders hope for an upside breakout soon. 

Moreover, readings from the ETH/USD one-day chart confirm this bullish outlook. At press time, the dots that comprise the coin’s Parabolic Stop and Reverse (SAR) indicator rest under ETH’s price, offering dynamic support at $4.225.

Ethereum Parabolic SAR. Source: TradingView

An asset’s Parabolic SAR indicator identifies potential trend direction and reversals. When its dots are placed under an asset’s price, the market is in an uptrend. It indicates that the asset is witnessing bullish momentum, and its price could continue to rally if buying persists. 

If inflows into ETH ETFs persist and bullish sentiment strengthens, Ethereum’s price could climb to $4,957.

Ethereum Price Analysis. Source: TradingView

On the other hand, if inflows stall and buy-side pressure weakens, the coin’s price could decline toward $4,221.