See First Weekly Inflows Since February Amid Market Optimism
Ethereum ETFs recorded their first net inflows in weeks, attracting $157.1 million, marking the strongest weekly performance since February.
Key Drivers Behind the Surge
Political and Regulatory Shifts:Institutional buying pressure increased after former President Trump moderated his stance on China tariffs and Paul Atkins assumed the role of SEC Chair.
- **Market Sentiment:** The crypto community anticipates a more favorable regulatory approach under Atkins, given his prior involvement with crypto firms.
- **Staking Prospects:** Firms like Fidelity, Grayscale, and 21Shares await SEC approval to include staking in their ETH ETFs—a move analysts believe could further boost inflows and ETH’s price.
### **ETH Price Action: Testing Critical Levels**
- Ethereum briefly reclaimed $1,800 amid mixed market signals near the 50-day SMA.
- Futures data shows $45.18 million in liquidations (24h), with $29.82 million in short liquidations outweighing $15.37 million in longs.
- A decisive close above $1,800 and the descending channel’s upper boundary could signal a bullish reversal, potentially targeting $2,100.
- Failure to hold $1,800 may lead to a retest of $1,688, with a break below risking further downside.
Looking Ahead
With regulatory developments and institutional interest in focus, ETH’s next moves hinge on both macroeconomic cues and technical confirmation.
