Overview
- ETH traded around $2,268 after an intraday high near $2,288 on March 16, extending a recovery that broke past $2,150 and the $2,200 level.
- U.S. spot Ethereum ETFs logged $26.7 million in net inflows on March 13, led by BlackRock’s ETHA, according to the reported figures.
- Institutional demand was highlighted by Bitmine’s reported accumulation of about 833,000 ETH over 35 days, valued near $2.9 billion at current prices.
- Price sits above the 50-day moving average but remains well below the 200-day mark, with hourly MACD strengthening and RSI holding above 50.
- Spot trading volume of $154 million fell below a $418 million average, with near-term resistance cited at $2,250–$2,280–$2,320 and support around $2,200–$2,180–$2,150, then $2,050.