Ethereum Sees $269M In Net Inflows In 24H – Bullish Momentum Accelerates
Ethereum is currently experiencing a critical phase, trading around the $2,500 level amid a standoff between bulls and bears. Bulls have struggled to gain control above this resistance, while bears have not succeeded in pushing prices lower. Recent data indicates over $269 million in net inflows into Ethereum within 24 hours, reflecting renewed investor confidence and potentially acting as a catalyst for price movement. Ethereum has been consolidating between $2,200 and $2,800, with traders awaiting a breakout to initiate an anticipated altseason. The macroeconomic environment remains uncertain, influenced by mixed inflation data and geopolitical risks. Analysts suggest that a confirmed breakout above $2,800 could trigger significant upward momentum for Ethereum and the altcoin market. Ethereum's resilience and ability to attract capital during challenging conditions indicate underlying strength, with traders closely monitoring for decisive price movements that could impact the broader market cycle.
