Ethereum Holds Steady Above Key Support Zone as Institutional Demand Grows

Ethereum is trading steadily at $1,866.89, just above a key support zone of $1,800-$1,850 that analysts say is crucial for its short-term direction.

A drop below this range could lead to a decline toward $1,600, while holding it may push prices toward resistance levels at $1,925 and $2,000.

In the meantime, spot Ethereum ETFs recorded $9 million in net inflows, led by Bitwise's ETHB fund, indicating stabilizing demand from institutional investors.