U.S. spot Ethereum exchange-traded funds recorded their fourth straight day of inflows on Tuesday as Ethereum touched $2,400 for the first time since February.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to data<\/a> from SoSoValue, the ten spot Ethereum ETFs recorded $53.03 million in net inflows on April 14, with Fidelity\u2019s FETH drawing in nearly $38 million.<\/p>\n BlackRock\u2019s ETHA followed with $10.49 million in inflows while Grayscale\u2019s ETH and BlackRock\u2019s ETHB contributed more modest inflows of $3.2 million and $1.2 million, respectively. Notably, none of the remaining ETH ETFs saw any outflows on the day.<\/p>\n This marks the fourth consecutive day of inflows into the investment products, with over $212 million entering the funds. Amidst these favourable conditions, April has turned out to be a positive month for these investment vehicles with $171.2 million drawn in so far after witnessing 5 months of negative flows where nearly $2.8 billion exited the funds.<\/p>\n This is a sign that institutional investors are once again turning towards the Ethereum ecosystem. Previously, such inflows into ETH ETFs helped support broader market liquidity as retail investors followed the institutional lead.<\/p>\n <\/p>\n This time, the Ethereum ETFs resumed inflows at a time when renewed hopes of a ceasefire<\/a> between the U.S. and Iran helped lift global market sentiment following weeks of uncertainty driven by uncertainity driven by the war.<\/p>\n Besides the buying pressure generated by these products, Ethereum treasury company Bitmine has continued to bolster its holdings with aggressive ETH accumulation with the goal of securing atleast 5% of the total ETH supply.<\/p>\n The firm currently holds 4.87 million ETH tokens, nearly 4% of the circulating supply. Out of this, approximately 3.0 million ETH is staked, contributing to the network\u2019s security while generating yield for its treasury.<\/p>\n Bitmine chairman Tom Lee recently described the recent downturn<\/a> as a \u201cmini crypto winter,\u201d stating that Ethereum is now in the \u201cfinal stages\u201d of that phase, suggesting the worst of the cycle may already be behind it.<\/p>\n Ethereum (ETH<\/a>) price rallied 9% on Tuesday to touch the $2,400 threshold before paring off some gains and settling at $2,321 at press time, down 3% over the past 24 hours.\u00a0<\/p>\n The daily chart shows that the $2,400 marks a significant resistance level since its drop below the psychological barrier in early February this year. Each time the token approached this mark, it faced heavy selling pressure. Hence, a clean breakout above the current ceiling would mark a major shift in market structure and signal a return to a long-term bullish trend.<\/p>\n Technical indicators seem to support a bullish bias in the short term. Notably, the 50-day SMA is closing in on a bullish crossover with the 100-day SMA. Meanwhile, the MACD lines have pointed upwards, indicating strengthening momentum.<\/p>\n Hence, Ethereum price is most likely to continue its uptrend with a break from the $2,400 resistance, potentially opening the doors for a run toward $2,600.<\/p>\n On the contrary, if Ethereum fails to hold its ground and slides towards $2,200, it could see a period of consolidation as bulls look for a stronger floor.<\/p>\n <\/p>\n\n
![\"Ethereum](\"https:\/\/media.crypto.news\/2026\/04\/ETHUSDT_2026-04-15_16-21-26.webp\")