Ethereum Sees Potential Breakout as BlackRock's ETHA Dominates ETF Inflows

Ethereum's price is eyeing a potential breakout as BlackRock's iShares Ethereum Trust (ETHA) has become the dominant spot ETH fund, attracting nearly 80% of daily Ethereum ETF inflows.

The surge in inflows comes shortly after Bloomberg ETF analyst Eric Balchunas revealed that BlackRock plans to implement a 1-for-3 reverse split for ETHA in October. This move is expected to reduce trading costs and improve liquidity.

Ethereum has reclaimed key moving averages, while rising Coinbase demand and whale activity suggest bulls are preparing for another breakout attempt.