$ETH Technical Analysis
ETH is testing a significant resistance level at $1,800, coinciding with the 50-day moving average (50-day SMA). A close above this level could open up opportunities for a recovery towards the $2,100 range.
The liquidation volume of futures contracts in the past 24 hours reached $45.18 million, with most coming from short positions, indicating increasing buying pressure.
Institutional and ETF Flow
Ethereum ETFs in the US recorded their first weekly net inflow since February, with a total value of $157.1 million. On April 25, these ETFs received $104.1 million, the highest since the beginning of the year.
Major institutions like Fidelity and BlackRock purchased $35.9 million and $54 million worth of ETH respectively, demonstrating strong confidence in Ethereum's long-term potential.
ETH
1,803.85
+1.11%
