Key Insights: Ethereum price gains support after ETFs record $184.32 million in daily net inflows. A weekly ETH Price close above $2,550 could open the door to a move toward $3,000. BitMine’s
Ethereum price traded at $2,491.18 after rising 1.5% over 24 hours. Meanwhile, Ethereum ETF products recorded $184.32 million in daily net inflows. The combined data indicated that the ETH price was near a key resistance zone after a recovery from $2,433.13. Notably, Ethereum briefly reached $2,513.64 before sellers curbed the rally.
ETF demand also extended across the seven-day period. During that window, the products attracted 352,893 ETH, valued at $865.55 million. However, Ethereum still needs to clear several resistance levels before reaching the weekly threshold identified by analyst Ted.
However, the technical indicators referenced in this article are intended for informational purposes only and do not guarantee that projected price levels will be reached. Given the volatility of cryptocurrencies, investors should perform their own due diligence and seek professional advice where appropriate.
Ethereum ETFs recorded daily net inflows of 75,150 ETH, worth approximately $184.32 million. Moreover, the seven-day total reached 352,893 ETH, valued at about $865.55 million.
Bitcoin and Ethereum ETF Fund Flows | Source: X Bitcoin ETFs also posted positive figures during the same period. Daily net inflows reached 4,038 BTC, representing approximately $316.54 million. Additionally, seven-day Bitcoin ETF net inflows totaled 27,403 BTC, worth about $2.15 billion.
Meanwhile, another market update focused on BitMine, a company associated with Tom Lee of Fundstrat. The report said BitMine purchased another 20,000 ETH from the Kraken cryptocurrency exchange. That transaction was estimated at $48.89 million.
The reported purchase coincided with broader Ethereum ETF inflows. Together, the figures documented fresh ETH movements through regulated products and a company-linked transaction.
Against that flow backdrop, the ETH price recovered from its 24-hour low of $2,433.13. Buyers pushed Ethereum above $2,470 before reclaiming the $2,480 and $2,500 levels.
However, selling pressure emerged near $2,510, preventing Ethereum from extending the intraday recovery. The asset then settled near $2,491.18 after briefly touching $2,513.64.
Currently, the first resistance level in the price structure is at $2,500. More importantly, a clear move above $2,513 could set $2,520 in motion as the next resistance.
Meanwhile, immediate support sits between $2,480 and $2,490. A loss of that range could send Ethereum toward the next support near $2,470.
Further selling could expose the $2,450 level before the 24-hour low at $2,433. Ted reported that ETH continues to hover around $2,450.
Ethereum (ETH) Price Analysis | Source: X According to his analysis, Ethereum requires a weekly close above $2,550 to begin another expansion toward $3,000. That threshold stands above the current intraday resistance levels.
Elsewhere, a critical security update identified a vulnerability affecting the Ethereum application on Ledger hardware wallets. The flaw involved transaction details displayed during the signing process.
According to the update, a malicious application could alter Ethereum transaction information during signing. Moreover, the Ledger device screen might not display that change to the user.
Ledger patched the vulnerability with Ethereum app version 1.22.2. As such, users will need to upgrade to version 1.22.2 to receive the security fix.
The update also instructed Ethereum users to install the latest version of Ledger Live. Users should update their Ledger firmware and Ethereum application before signing transactions.
Finally, the security notice advised users to avoid approving Ethereum transactions until all required updates are completed. The instructions also cover Ethereum-based assets managed through affected Ledger devices.
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