After an eight-day streak of inflows totaling $3.7 billion, Ethereum ETFs saw a significant pullback this week. Investors pulled out a net sum of $59.3 million from the funds, halting the momentum witnessed over the past few weeks. This comes as ETH’s price struggled to hold above its record high of $4,878 after briefly approaching that mark. At present, ETH is trading just under $4,450, marking a slowdown from a month-long rally which saw it surge nearly 30% higher over the past 30 days. While spot Ethereum ETFs have accumulated over $12.6 billion in net inflows since their launch in mid-2024, analysts are watching closely for continued inflows to propel ETH beyond its previous peak. Conversely, some argue that a lack of social media momentum surrounding ETH could lead to temporary outperformance against Bitcoin, though this dynamic might not translate into sustained gains.