- Ethereum investment products outpaced the broader crypto market, raking in $321 million last week, mainly fueled by the SEC’s clarification that certain staking activities don’t violate securities laws—boosting confidence in ETH ETFs.
- Despite strong inflows, ETH struggled technically, slipping below key support levels like the ascending triangle trendline and 50-period SMA, with bearish indicators (RSI and Stoch) signaling ongoing downward pressure.
- ETH trades near $2,500 with mixed signals, as it faces resistance near $2,750–$2,850 and support between $2,260–$2,100; market sentiment hinges on whether bulls can regain control and flip the momentum.
Ethereum (ETH) is hangin’ tight around $2,500 this Monday, not exactly flying—but it’s holding ground. What’s interesting is, despite this mild trading mood, Ethereum-linked investment products have been pulling some serious weight. Last week alone, they drew in $321 million. That’s six weeks straight of net inflows, stacking up to $1.19 billion. Most of that came from US spot ETH ETFs, which have now had ten consecutive days of gains. Meanwhile, Bitcoin stumbled a bit with $8 million in outflows, and XRP had a second rough week, losing $28.2 million.
What’s pushing ETH ahead? A surprise boost from the SEC. Yeah, really. The agency’s Division of Corporation Finance recently clarified that certain staking activities—like self-staking and even some service providers—don’t count as securities. Commissioner Hester Peirce’s camp helped deliver that message, and the crypto crowd took it as a green light. That shift might pave the way for Ethereum ETFs to offer staking, which is already turning a few heads.
ETH Struggles at Technical Crossroads, Bears Still Lurking
Despite the inflow hype, ETH isn’t quite soaring on the charts. According to Coinglass, it faced nearly $32 million in liquidations over the past day, split evenly between longs and shorts. Technically speaking, ETH dipped below the rising trendline of its ascending triangle pattern, along with the 50-period Simple Moving Average. Since then, it’s been kinda stuck, wobbling near that $2,500 area.
If Ethereum can’t crack back above that SMA and reclaim the trendline, support might be found at the 100-period SMA. And below that? There’s a cushion between $2,260 and $2,100—but that’s a bit of a drop. On the flip side, bulls are watching the $2,750 to $2,850 zone like hawks. That’s the next big hurdle to kick off a new rally.
Momentum Indicators Still Bearish as Market Waits
Right now, both the RSI and the Stochastic Oscillator are slumping below neutral. That suggests bearish pressure’s still hanging around, at least for the short-term. It’s not doom and gloom, but ETH’s got work to do if it wants to flip the script and head toward higher levels. Until then, the market’s caught in a wait-and-see cycle, juggling hype from ETF inflows with real-time chart resistance.
