Ethereum (ETH) Price Analysis: $633M in ETF Inflows Amid Continued Resistance at $2,400
U.S. spot Ethereum ETFs have seen $633 million in net inflows over 10 consecutive trading days, while Ether's price remains stuck below $2,400. Ethereum's DApp-generated revenue has dropped nearly 50% to $13 million per week over the past six months.
U.S. spot Ethereum exchange-traded funds recorded $633 million in net inflows over 10 consecutive trading days. Ether's price remains near $2,340, unable to break through the $2,400 resistance level. GSR Markets launched the BESO ETF on Nasdaq, a multi-crypto fund with staking rewards. Ethereum's DApp revenue has declined to $13 million per week, a nearly 50% drop over six months. The Ethereum network saw a 41% increase in transaction activity as ETF engagement intensified. Analysts suggest $2,250 as the next critical support level if current resistance persists.
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