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Tatevik Avetisyan

Ethereum ETFs Log $55.7M Net Inflow as Price Tests Key Support at $2,700

Ethereum spot exchange-traded funds recorded approximately $55.7 million in net inflows yesterday, data show. BlackRock's ETHA fund saw roughly $53.7 million in outflows, but rival products from Fidelity and Bitwise attracted sufficient demand to push the category into positive territory. The inflows arrive as Ethereum trades near $2,700 after breaking below its primary daily uptrend line and the 0.618 Fibonacci retracement level.
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