Ethereum Price Today: $3,820
- ETF Inflows Surge: Ethereum ETFs average $100M daily net inflows over eight days, signaling institutional interest.
- Staking Momentum: Over 113K ETH staked in two days reflects long-term investor confidence.
- Technical Breakthrough: ETH conquers a three-year descending trendline resistance, hinting at bullish momentum.
Ethereum (ETH) dipped 1% on Thursday despite a European session rally that breached a critical resistance trendline. Bullish sentiment grows around staking and ETFs, though CME data suggests basis trading may be driving ETF inflows.
Ethereum ETF Flows and Staking Trends
ETF Inflows Highlight Basis Trade Activity
Ethereum ETFs recorded $167.7M net inflows Wednesday, marking eight consecutive days of gains. Averaging $100M daily, these flows indicate institutional bullishness—yet CME futures show dominant short positions, pointing to basis trades.
Basis Trade Mechanics:
Investors buy ETF shares (long) while shorting ETH futures to capture funding fees, a common strategy in bullish markets.
Staking Inflows Signal Hold Strategy
Recent data shows 113K ETH staked in 48 hours, underscoring a shift toward long-term holdings despite ETH’s upward price trajectory.
Ethereum Price Analysis: Breaking the Three-Year Curse
Key Resistance Breached
ETH broke a descending trendline from its November 2021 all-time high. A sustained close above this line could propel it toward:
- Yearly high resistance: $4,093
- All-time high target: $4,898 (rounded bottom pattern)
Liquidation and RSI Warnings
- **$76M liquidations**: Longs ($46.58M) outpaced shorts ($29.91M) in 24 hours.
- Overbought RSI: Suggests potential near-term correction.
Support Levels:
- Breakdown below $3,400** may test **$2,817.
Ethereum FAQs
What is Ethereum?
A decentralized blockchain enabling smart contracts, powering DeFi, NFTs, and DAOs. Ether (ETH) is its native token.
How Do Smart Contracts Work?
Self-executing code that automates agreements when conditions are met—no intermediaries needed.
What Is Staking?
Locking ETH to earn yields and secure the network post-Merge (PoS transition).
👉 Learn about Ethereum staking
Why Are Gas Fees Important?
Transaction fees ("gas") spike during congestion, prioritizing higher-paying transactions.
Key Takeaways
- ETFs and staking inflows reflect institutional and retail confidence.
- Technical breakout hints at bullish momentum if ETH holds above $3,400.
- Monitor RSI and liquidation trends for potential pullbacks.
Disclaimer: This content is for informational purposes only. Conduct independent research before investing.