$ETH Hovers Near $2K Amid Weak Investor Sentiment

Ethereum is trading in the green after a poor start to the week, but big investors remain hesitant to make significant new commitments.

Holdings across major wallet groups changed only modestly, with exchange net flows remaining close to neutral. US spot Ethereum Exchange-Traded Funds (ETFs) showed some improvement at the beginning of the week, although broader American investor sentiment remains weak.

From a technical perspective, $ETH retains a mildly bullish short-term bias above its 20-day and 50-day Exponential Moving Averages (EMAs). However, the 100-day EMA and the horizontal resistance at $1,961 continue to limit its recovery.