Ethereum Price Today: $2,570
- Exchange reserves shift to accumulation mode, hitting an all-time low of 18.57 million ETH.
- Ethereum ETFs record $583 million in weekly net inflows, marking the best performance since December.
- MEXC’s Tracy Jin remains cautiously optimistic about ETH’s growth despite positive ecosystem developments.
- ETH faces rejection at the 200-day SMA after holding the $2,500 support over the weekend.
Ethereum (ETH) briefly surpassed $2,600 on Monday as exchange reserves shifted toward accumulation, coupled with $583 million in institutional inflows last week.
Ethereum Exchange Reserves Hit Record Low Amid $583M ETF Inflows
Ethereum’s bullish momentum resumed as exchange reserves dropped to a historic low of 18.57 million ETH—down from 18.72 million ETH on Saturday. This decline signals rising buy pressure.
📉 ETH Exchange Reserves (Source: CryptoQuant)
Simultaneously, ETH’s staked value grew by 80,000 ETH, reflecting stronger investor confidence (Beaconcha.in data).
Institutional Demand Surges
Global Ethereum investment products saw $583 million in net inflows last week (CoinShares), driven by:
- $528.12 million into U.S. spot ETH ETFs—the highest weekly inflow since December 2024.
- A 19-day streak of net inflows before a minor $2.18 million outflow due to geopolitical tensions.
📈 U.S. Spot ETH ETF Inflows (Source: SoSoValue)
Expert Insights
Tracy Jin, COO of MEXC, highlights ETH’s strengths:
"Ethereum’s recovery is fueled by its ‘digital oil’ narrative and ecosystem fundamentals—like the Pectra upgrade and surging stablecoin activity (50% of all stablecoins reside on Ethereum)."
She adds:
"New staking and stablecoin-related ETF rules are boosting investor confidence."
Year-End Price Outlook:
- Conservative range: $2,800–$3,600.
- Potential upside: Higher if ETF staking and network growth accelerate.
Ethereum Price Prediction: ETH Faces Rejection at 200-Day SMA
Market Dynamics
- *$134.04M in futures liquidations** (24h): $70.55M longs vs. $63.49M shorts (Coinglass*).
- ETH tested the 200-day SMA as dynamic resistance after holding $2,500 support.
Key Levels to Watch
✅ Upside: A breakout above the 200-day SMA could target $2,850 resistance. A rejection here may form a double-top pattern.
❌ Downside: Loss of $2,500 risks a drop to **$2,260–$2,110 support** (reinforced by the 50-day SMA).
📊 Technical Indicators:
- RSI: Above neutral, may test moving average.
- Stochastic Oscillator: Below neutral. A bullish crossover could strengthen momentum.
FAQs
1. Why are ETH exchange reserves declining?
Lower reserves indicate accumulation by investors, reducing sell pressure and signaling bullish sentiment.
2. What’s driving Ethereum ETF inflows?
Institutional demand for spot ETH ETFs and optimism around staking/upgrades (e.g., Pectra).
3. Can ETH reach $3,600 by year-end?
Possible if ETF staking gains traction and network activity grows, per MEXC’s Tracy Jin.
4. What’s the impact of the 200-day SMA rejection?
A failed breakout may prolong consolidation, while a flip to support could accelerate gains.
👉 Explore Ethereum trading strategies to capitalize on these trends!
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