Ethereum ETFs outperformed global crypto products with $321 million inflows, marking six consecutive weeks of growth.
The SEC's positive stance on staking may have boosted interest in Ethereum products during the market downturn.
Key risk level: ETH could drop to $2,260 if it fails to break above the ascending trendline and 50-period SMA resistance.
Ethereum (ETH) traded around $2,500 on Monday, fueled by strong institutional demand.
Ethereum Products Shine Following SEC’s Staking Clarification
According to CoinShares' weekly report, Ethereum investment products attracted $321 million last week — surpassing inflows across all digital asset products. This extended a six-week inflow streak totaling $1.19 billion, the strongest growth since December 2024. U.S. spot Ethereum ETFs dominated, with $285.8 million in net inflows over 10 consecutive days.
In contrast, Bitcoin products saw an $8 million outflow after weeks of gains, while XRP funds experienced $28.2 million in net outflows.
The surge followed an SEC Corporate Finance Division statement clarifying that certain non-custodial staking activities fall outside securities regulations. Commissioner Hester Peirce emphasized this applies to:
- Self-stakers
- Non-custodial staking providers
- Custodial staking services
This shift renewed ETH optimism and may pave the way for staking-enabled Ethereum ETF approvals.
Ethereum Price Analysis: Key Resistance Ahead
Coinglass data shows $31.63 million in ETH futures liquidations over 24 hours, with nearly equal long/short positions wiped.
ETH broke below its ascending triangle’s trendline and 50-SMA on Friday. Key levels to watch:
- Support: 100-SMA → $2,260–$2,100 range
- Resistance: $2,750–$2,850 (must hold for bullish reversal)
Technical indicators (RSI, Stochastics) remain below neutral, reflecting bearish momentum.
Disclaimer: This content represents the author’s views only. CFD trading carries high risks — capital loss is possible.
FAQ
Q: Why did Ethereum ETFs attract more inflows than Bitcoin?
A: SEC’s staking clarity and institutional demand for yield-bearing ETH products drove momentum.
Q: What’s the next major catalyst for ETH?
A: Potential approval of staking-integrated ETFs and Pectra upgrade’s efficiency gains.
Q: Is Ethereum’s current price a buying opportunity?
A: Market sentiment suggests caution until ETH reclaims $2,750. Monitor the 100-SMA as critical support.