Ethereum Price Stuck in Limbo as ETF Flows Slow
Ethereum's price has been hovering around $2,489 since September, stuck between $2,485 and $2,510 resistance levels. The cryptocurrency's spot ETF inflows have slowed to just 10% of August's pace, while corporate treasuries are accumulating aggressively.
The break above the downtrend line in late August is a structural event, according to analysts. However, the subsequent three weeks of consolidation above the broken line may indicate that the trend change has not yet been confirmed through follow-through.
As Ethereum's price attempts to break out, it faces resistance at $2,510 and $2,555 levels. A sustained break above these levels could validate the August break and turn the thirteen-month structure in favor of a bullish trend.
The mid-term projection for Ethereum's price is around $2,800, with a longer-cycle target of $5,400 if the $2,800 ceiling gives way. This figure is derived from the historical pattern of Ethereum's prior cycle expansions rather than any near-term catalyst.