Overview
- Ethereum, which fell to about $2,253 on Monday after a rejection near $2,465, is holding between roughly $2,250 and $2,320 as traders watch the next move.
- Spot Ether exchange‑traded funds logged seven straight days of net inflows of about $425–426 million, led by Fidelity’s FETH and BlackRock’s ETHA, giving institutions a way to gain exposure without holding coins directly.
- Derivatives data show Net Taker Volume around +$102 million since March, meaning buy market orders have outweighed sell orders for the first time this cycle and hinting at returning demand.
- A large trader opened a roughly $90.8–$90.9 million long position at 20x leverage, while heatmaps flag long liquidation risk near $2,200 and short stop zones around $2,450–$2,480 that can trigger sharp swings.
- Charts highlight a multi‑month ascending triangle with key resistance from about $2,378 to $2,450 and support near $2,250 then $2,200, and with more than 32% of ETH staked, thinner exchange supply can magnify moves once a level breaks.