Overview
- ETH trades near $2,060–$2,150 with a well‑defined ceiling at $2,140–$2,160, and analysts say a daily close above $2,150 would be the trigger for a confirmed move higher.
- Spot ETH ETFs logged a $169 million net inflow on March 4, the strongest day since mid‑January, followed by roughly $22.7 million on March 5 and a separate session with a net −$90 million, underscoring unstable institutional demand.
- Technical signals remain inconclusive as RSI sits neutral and volume has faded, raising bull‑trap risk if price fails to hold breakouts or slips below supports around $2,000–$1,935 toward $1,750–$1,500.
- On‑chain data show exchange balances at multi‑year lows that typically suggest accumulation, yet recent whale transfers and a reactivated early ICO wallet highlight ongoing distribution pressures.
- Chart watchers also flag a multi‑year trendline retest: reclaiming it could open a relief area near $2,250–$2,500, while rejection would reinforce a bearish structure with eyes on the $1,600 demand zone.