ETH Breaks Through Resistance as ETF Money Flows In

Ethereum's price has been recovering from recent losses and is now testing the $2,500-$2,550 region. This area has proven to be a significant resistance for Ethereum in the past.

A sustained move above $2,550 could change the short-term structure of Ethereum and open up a path towards $2,800, followed by the psychologically important $3,000 level. The recent influx of ETF money into U.S. spot Ethereum funds is also a significant factor to consider.

The net inflows of approximately $66.4 million on September 18th are a reversal from three consecutive sessions of net withdrawals totaling more than $400 million. This change in flow could provide a boost to Ethereum's price, but it doesn't erase the previous withdrawals entirely.