Bitcoin Shines, But $28M Just Floods Into ETH – Is This The Start Of A Reversal?

Author

Simon Chandler

Author

Simon Chandler

Since part of the group

January 2018

About the author

Simon Chandler is a Brighton-based writer and journalist with over a decade of experience writing about crypto, technology, politics and culture. Since late 2017, he has written for Cryptonews.com,…

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Last Updated:

January 30, 2026

The price of Ethereum fell by 7.5% in the last 24 hours, down to $2,725, as sad financial reports dragged down the stock markets yesterday.

Despite the recent dip, there are reasons to be bullish about ETH, not least because Ethereum ETFs have done a better job of attracting income than Bitcoin ETFs in recent days.

They saw $28 million in inflows on Wednesday and $117 million inflows on Monday, while the Bitcoin ETF saw $19.6 million in outflows and modest inflows of $6.8 million.

This highlights the tremendous momentum Ethereum is currently enjoying despite broader market issues.

Considering Ethereum's peerless fundamentals as the largest layer-one network in crypto, Ethereum's price forecast looks very positive after the current flash is over.

Ethereum Price Prediction: Bitcoin Bleeds, But $28M Just Floods To ETH – Is This The Start Of A Reversal?

As we can see from the Ethereum price chart today, the medium-term support level has fallen at $2,750, which may indicate further losses in the near future.

Its technical indicators have fallen in recent days, but are not mentioned below /

The relative strength index (yellow) is dropping to 30, but we may not see Ethereum price stabilize until it gets closer to 20.

Likewise, ETH's MACD (orange, blue) fell below 0 a few days ago, but still hasn't broken the lows we've seen since mid-to-late November.

In other words, in the coming days, the price of Ethereum could go lower, possibly down to $2,500 – which would be the lowest level since June 2025 – before rebounding.

This is what some traders and analysts are already predicting, although they believe that ETH should not fall further.

And once it climbs to $2,500, it can regain $2,750 and then $3,000 by the end of Q1.

It could then cross $4,000 in H2 and then end the year close to $7,000.

SUBBD Presale allows users to discover Crypto with artificial intelligence

As Ethereum continues to be very strong, other new alt investors may look to diversify to widen their exposure to potential gains.

Several promising coins are currently holding their presale, one of the most exciting of which is the new ERC-20 token SUBBD ($SUBBD).

SUBBD has raised more than $1.4 million in an ongoing sale, with investors gaining confidence in its plans to launch an AI-powered content creation platform.