🚨 ETH ETFS HIT 4-DAY INFLOW STREAK AS PRICE TESTS $2,400
📈 U.S. spot Ethereum ETFs have recorded their fourth consecutive day of net inflows, bringing in over $212 million during this period. Fidelity’s FETH led the charge on Tuesday with nearly $38 million, signaling a strong return of institutional interest.
💰 Complementing the ETF demand, Bitmine has grown its Ethereum treasury to 4.87 million ETH, nearly 4% of the circulating supply. With 3 million of those tokens currently staked, the firm is significantly reducing liquid supply while securing the network.
📊 Technically, Ethereum briefly touched the $2,400 mark for the first time since February. While the price has since stabilized around $2,320, the $2,400 level remains the "final boss" resistance that could open the gates to a $2,600 rally.
🚀 Market sentiment is being lifted by hopes of a U.S.-Iran ceasefire, easing the geopolitical pressure that weighed on April's early performance. A bullish crossover between the 50-day and 100-day SMA suggests that the long-term trend is finally shifting back to the upside.