Ethereum ETFs Attract $170M Despite Flat Price Action
Ethereumâs price is stuck around $4,054, showing little movement. However, institutional investors are quietly buying more. On October 15, Ethereum ETFs saw $170 million in new investments. BlackRockâs ETHA ETF lead with $164.3 million.
Despite the flat price, this influx shows that big investors still believe in Ethereumâs long-term potential.The price has been moving in a narrow range between $4,078 adn $3,940. Trading volume is down by over 25%, according to CoinMarketCap data.
Technical indicators suggest Ethereum is consolidating. The Relative Strength Index (RSI) is at 44.57, which is below the neutral 50 mark. This indicates weak momentum.If buying pressure increases and ETF inflows continue, a bullish breakout is possible.
Key resistance levels are at $4,292 and $4,452. Breaking above these could lead to a rally toward $4,500. Support levels are near $3,938 and $3,744. If these levels break, the price could drop further.
