Ethereum ETFs log 4-day inflow streak as price tests $2,400 resistance
Summary
U.S. spot Ethereum ETFs extended inflows to four straight days, totaling over $212 million.
ETH price climbed to test the key $2,400 resistance for the first time since February.
Institutional demand strengthens as Bitmine ramps up accumulation and staking.
U.S. spot Ethereum exchange-traded funds continued their positive momentum on Tuesday, recording a fourth consecutive day of inflows as Ethereum approached the crucial $2,400 level.
According to SoSoValue data, the ten spot ETH ETFs saw net inflows of $53.03 million on April 14. Fidelity’s FETH led the pack with nearly $38 million in inflows, followed by BlackRock’s ETHA at $10.49 million. Grayscale and BlackRock’s ETHB added smaller contributions, while no ETF recorded outflows on the day.
This brings total inflows during the four-day streak to over $212 million, marking a notable shift after five consecutive months of net outflows totaling nearly $2.8 billion. April has already seen $171.2 million in inflows, signaling renewed institutional interest in Ethereum.
Institutional demand returns
The inflow streak comes amid improving macro sentiment, with easing geopolitical tensions boosting risk appetite across markets. Historically, sustained ETF inflows have supported broader crypto liquidity, often encouraging retail participation to follow institutional trends.
Adding to the bullish narrative, Bitmine has significantly expanded its Ethereum holdings. The firm now holds approximately 4.87 million ETH — nearly 4% of circulating supply — with around 3 million tokens staked to generate yield and support network security.
Bitmine chairman Tom Lee recently described the recent downturn as a “mini crypto winter,” suggesting Ethereum may be entering the final phase of its correction.
Ethereum tests key resistance
On the price front, ETH rallied roughly 9% to briefly touch $2,400 before pulling back to around $2,321. The $2,400 level remains a critical resistance zone, having repeatedly rejected price since February.
A decisive breakout above this level could mark a major shift in market structure and open the door for further upside toward $2,600.
Technical outlook
Short-term indicators are aligning with a bullish bias. The 50-day SMA is approaching a crossover above the 100-day SMA, while the MACD is trending upward — both signaling strengthening momentum.
However, failure to hold current levels could see ETH retrace toward $2,200, where consolidation may occur as bulls attempt to establish a stronger base.
Ethereum is at a key inflection point, with strong ETF inflows and improving momentum supporting a potential breakout. A clean move above $2,400 could trigger the next leg higher, while rejection may lead to short-term consolidation.
