Ether Struggles Below $2.4K As Spot ETH ETF Demand Slumps

ETH

ETH/USDT

$1,873.31

-0.65%

$1,873.31

-0.65%

(24s)

24h Volume

$2,504,231,192.21

24h H/L

$1,892.31 / $1,869.17

Change: $23.14 (1.24%)

Long/Short

67.7%

Long: 67.7%Short: 32.3%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,874.90

▼ -0.41%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,932.34

Resistance 1$1,884.13

Price$1,874.90

Support 1$1,853.62

Support 2$1,792.05

Support 3$1,712.62

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):49.5

Cointelegraph Staff

(10:17 PM UTC)

1 min read

Updated byJames Mitchell

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Ether (ETH) has tested the $2,400 resistance five times over the past month, with each breakout attempt losing momentum near that level. The stalled price action comes as spot Ether exchange-traded funds (ETFs) recorded just $500 million in inflows since March. Ether reserves on Binance exchange climbed by 400,000 ETH, and ETH futures traders also reduced leverage exposure over the past week.