Ethereum Flips Resistance, Demand Returns
Ethereum Flips Resistance, Demand Returns
Ethereum is showing signs of a meaningful recovery, with its price action shifting in favor of bulls. Ethereum flips key resistance, with the price back above $2,300.
Ethereum Price Action and Technical Levels
The latest price action has brought the ETH price back above the 100-day simple moving average, which had acted as dynamic resistance since November 2025. A resistance zone that repeatedly rejected price throughout Q1 2026 has now been flipped into a support area.
Breakout Conditions
Crypto analyst Ash Crypto pointed to three developments that suggest the groundwork for a new upward leg may be forming. The break above the 100-day simple moving average changes the tone of the chart, as it suggests that buyers are starting to regain control on higher timeframes.
Institutional Demand Returns Through ETF Channel
US Spot Ethereum ETFs recorded $275.83 million in inflows in the most recent week, which is their strongest weekly inflow since the week ending January 16. This return of institutional inflows through US Spot Ethereum ETFs is a significant development.
Derivatives Order Flow Data
CryptoQuant analyst Darkfost noted that buy-side volumes have taken control on derivatives markets for the first time in the cycle, with a net taker volume reading of +$102 million recorded recently. This reversal of the negative net taker volume pattern is a compelling evidence of a changing market dynamic.
Key Takeaways
- Ethereum has flipped key resistance, with the price back above $2,300.
- Institutional demand has returned through US Spot Ethereum ETFs, with $275.83 million in inflows.
- Derivatives order flow data shows buy-side volumes taking control, with a net taker volume reading of +$102 million.
- The next leg up for Ethereum may be starting, with the price holding above the $2,300 level.
Frequently Asked Questions
What is the current price of Ethereum?
Ethereum is currently trading at $2,316.
What is the significance of the 100-day simple moving average?
The 100-day simple moving average had acted as dynamic resistance since November 2025, and the break above it changes the tone of the chart, suggesting that buyers are starting to regain control on higher timeframes.
