Todas las noticias se verifican rigurosamente y son revisadas por expertos en blockchain y profesionales de la industria.
- Ethereum ETFs are attracting significant inflows but face resistance near $2,799.
- ETH could consolidate around $2,000-2,100 before a possible move higher.
In a turn of events, Ethereum ETFs have seen massive inflows amid Bitcoin outflows, as detailed in a previous CNF post. Ethereum (ETH) was down 1.7% on Wednesday, despite positive signs from Consumer Price Index (CPI) inflation data and increased ETF inflows.
U.S. CPI fell to 2.9% year-over-year, below expectations, increasing the likelihood of a Fed rate cut. This environment could favor risk assets such as cryptocurrencies, potentially benefiting ETH. ETH is currently trading at $2,625.23, having declined 4.14% in the last day, but up 7.81% in the last week.
In addition, according to a recent CNF update, a financial analyst predicted that Ethereum ETFs are on track to accumulate a staggering $10 billion in assets under management (AUM) by the end of the year.
Ethereum ETFs saw notable inflows recently, with $24.3 million on Tuesday, including $49.1 million in BlackRock ETHA.
However, technical analysis reveals that ETH struggles around a key trendline and faces rejection near the $2,799 resistance level. Historical patterns suggest that ETH could consolidate before a possible rally, possibly revisiting the $2,000 to $2,100 range before making a significant move higher.
