Ethereum remained near $2,050 on April 4 as traders assessed price resistance, ETF flows, and new signature activity from the Ethereum Foundation.
summary
- Ethereum remained near $2,050 as the underlying stake approached 70,000 ETH and resistance settled near $2,150.
- US spot ETFs ended the week negative, with withdrawals of more than $42 million overall.
- Analysts said Ethereum should liquidate between $2,100 and $2,150, while a loss of $2,000 could lead to prolonged liquidations across markets.
Data on the chain Show The Ethereum Foundation staked approximately 69,500 ETH in less than two months. At current prices, this amount exceeds $140 million. The group had previously said that it plans to use staking to support R&D and wider ecosystem work through revenue.
Latest move included On Friday, 45,034 ETH were sent in batches of 2,047 ETH to the Eth2 Beacon Chain deposit contract. Arkham data also showed that the Ethereum Foundation holds more than 102,000 ETH, while its treasury across 14 addresses is valued at approximately $270 million.
While the Foundation continued to add Stead EthereumUS Ethereum ETFs have continued to record net withdrawals over most of the recent period. The funds saw eight straight sessions of outflows before recording a small net outflow of about $5 million on March 30.
This was followed by another positive day on March 31 with net inflows of $31.17 million. However, the trend turned negative again after subsequent sessions recorded $7.1 million and $71.17 million in outflows. This left the week in the red, with more than $42 million in products leaving.
Analysts are monitoring key ETH price levels
Crypto analyst Patel said Ethereum has remained between $1,500 and $4,100 for nearly five years. he comparison The current structure is with a range of 2018 to 2020. He said a breakout could lead to a much larger move if history repeats.
This view added to the broader market debate, but short-term traders remained focused on the nearest resistance and support levels. ETH traded at $2,050.69, with a 24-hour trading volume of over $6 billion, a daily gain of 0.12%, and a seven-day increase of 2.59%.
In addition to analyst Ted Bellows He said Ethereum needs to break above the “$2,100-$2,150” area to bring back stronger bullish momentum. He noted that ETH approached $2,400 a few weeks ago but failed to sustain that advance and fell back below the key area.
He also warned that a drop below the $2,000 support could trigger a prolonged liquidation event.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
