Ethereum Price Sees Boost as ETFs Attract Record Net Inflows

Ethereum's price has shown support after ETH-based ETFs recorded $184.32 million in daily net inflows, according to recent data.

This influx of capital has strengthened the broader Ethereum outlook, with BitMine's latest purchase of 20,000 ETH valued at $48.89 million adding to the momentum.

The current price of Ethereum is trading at $2,491.18 after a 1.5% increase over the past 24 hours, but it still needs to clear several resistance levels before reaching the weekly threshold identified by analyst Ted.

Ted's analysis suggests that Ethereum requires a weekly close above $2,550 to begin another expansion toward $3,000, with the current intraday price hovering around $2,450.