What’s Next for Ethereum Price as Daily Net Inflows Top $184M?
Key Insights:
- Ethereum price gains support after ETFs record $184.32 million in daily net inflows.
- A weekly ETH Price close above $2,550 could open the door to a move toward $3,000.
- BitMine’s latest purchase of 20,000 ETH strengthens the broader Ethereum outlook.
Ethereum price traded at $2,491.18 after rising 1.5% over 24 hours. Meanwhile, Ethereum ETF products recorded $184.32 million in daily net inflows. The combined data indicated that the ETH price was near a key resistance zone after a recovery from $2,433.13. Notably, Ethereum briefly reached $2,513.64 before sellers curbed the rally.
ETF demand also extended across the seven-day period. During that window, the products attracted 352,893 ETH, valued at $865.55 million. However, Ethereum still needs to clear several resistance levels before reaching the weekly threshold identified by analyst Ted.
However, the technical indicators referenced in this article are intended for informational purposes only and do not guarantee that projected price levels will be reached. Given the volatility of cryptocurrencies, investors should perform their own due diligence and seek professional advice where appropriate.
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