Ethereum Price Pushes Toward $2,000 Amid Strong ETF Inflows and Fed Expectations
Ethereum has seen a steady increase in price over the past week, trading near $1,965 on Monday within a range of $1,860 to $1,968. This is a marked improvement from its bottoming point in late June when it was sitting at $1,550.
The influx of funds into Ethereum spot ETFs has been significant, with around $105 million in net inflows during the week of July 13-17. This represents the strongest weekly total since April and is a clear indication of increasing institutional interest.
The technical picture for ETH is mixed, with some charts showing a constructive short-term setup while others indicate a different story altogether. The four-hour chart shows the 50-day moving average rising and price above it, but the daily chart reveals a downward trend since late June.