Ethereum Consolidates Below $2,800 Amid Steady ETF Inflows

Ethereum has consolidated below $2,800 after gaining more than 8% over the past week due to steady US spot ETF inflows.

The flagship altcoin is currently trading at around $2,681, down 0.3% in the last 24 hours but up 8.8% over seven days.

A recent high near $2,786 was met with selling, leaving ETH unable to hold its brief moves towards the upper end of that zone.

Institutional buying has continued, with Bitmine's Ethereum holdings reaching nearly 5.98 million ETH this week after acquiring another 27,562 ETH.