Ethereum Stalls Below $2,400 Despite Strong ETF and BitMine Buying

2 weeks ago 14

Rommie Analytics

  • ETH ETFs and whales are seen to be continuously accumulating ETH.
  • The price of the ETH token is under pressure because there is a rejection at the $2,400 price mark.
  • Capital rotation is limiting ETH’s upside.

Ethereum as of now is sending mixed signals as institutional demand on one end is increasing but on the other end, short-term price pressure increases as well. Amidst all of this, big players are continuously accumulating through ETFs and large-scale purchases, but the market is not reacting with immediate upside. Instead, ETH is moving within a tight range, shaped by technical resistance, DeFi-related concerns, and a broader shift toward Bitcoin.

ETFs Record $96.4M Net Inflow on April 22, 2026

Ethereum ETFs are building momentum as on April 22, 2026, the Ethereum ETF products saw an inflow of $96.4 million as per Farside Investor data. According to the data, BlackRock’s ETHA led the ETF race with an inflow of $53.6 million, followed by Fidelity’s FETH with an inflow of $40.6 million.

Grayscale’s ETHE saw an outflow of $9.2 million whereas its ...

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