Ethereum ETFs Surge: Will ETH Price Finally Break Above $2,400?

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<a href="https://jpykr.com/eth-usd/">Ethereum</a> ETFs hit three-week high inflows, will <a href="https://investment-policy.com/eth-usd/">ETH</a> price break $2,400?

Spot Ethereum ETFs saw their largest one-day increase in investments since February 25th, with a net inflow of $138.2 million over the last 24 hours.

Summary

  • Spot Ethereum ETFs recorded $138.2 million in daily inflows, marking their highest since late February and extending a six-day inflow streak.
  • Institutional demand strengthened amid Bitmine’s continued ETH accumulation, with Fundstrat’s Tom Lee calling a potential market bottom near $2,150.
  • ETH price traded near $2,328, with price approaching a breakout above $2,400 as markets await the Federal Reserve rate decision.

SoSoValue data shows that BlackRock’s ETHA fund saw the biggest increase in investments today, with $81.7 million coming in. BlackRock’s Staked ETH ETF (ETHB) was second, attracting $67.2 million in net inflows.

Grayscale’s Ethereum funds saw smaller increases, with $15.4 million going into ETH and $9.4 million into ETHE. However, Fidelity’s FETH fund had $35.4 million withdrawn, which reduced the overall gains.

Investment products have continued to see strong demand, attracting over $385 million from investors for the sixth day in a row. Ethereum ETFs, in particular, have experienced four consecutive weeks of positive inflows, totaling almost $440 million.

More and more institutions are showing interest in Ethereum as Bitmine, led by Tom Lee of Fundstrat, continues to buy large amounts of the cryptocurrency. This activity is happening against a backdrop of growing economic and political instability in the Middle East.

Lee recently predicted that Ethereum has likely hit its lowest point after it dropped to $2,150 on Monday. He believes this recent dip could signal the end of the short-term price decline and the start of a potential rebound.

As of today, Ethereum (ETH) is trading around $2,328. Despite attempts, the price hasn’t been able to move above the $2,400 level after failing to do so on Tuesday.

Investors are now focused on the Federal Reserve’s expected announcement regarding interest rates later today. Most analysts predict the Federal Open Market Committee (FOMC) will keep rates unchanged, remaining between 3.5% and 3.75%. Data from the CME FedWatch Tool suggests there’s a greater than 98% chance of this happening.

ETH price analysis

Looking at the 4-hour price chart, Ethereum has been moving within a consistent upward channel since mid-February. In the past, when the price has broken above the upper edge of this channel, it has often indicated a bullish trend. Currently, the price is nearing a breakout from that upper level.

Ethereum’s price recently moved above $2,261, hitting the middle point of its Bollinger Bands, and is now approaching $2,435, which represents the upper limit according to this technical analysis tool.

Ethereum’s price is approaching a key resistance level around $2,400, and a break above this could lead to a further increase, potentially reaching $2,435. If the upward trend continues, the price could even climb as high as $2,751. This higher target is based on the size of the recent upward price channel, added to the point where the price breaks through the $2,400 level.

If the price drops below $2,262, it will probably fall to the lower end of its current trading range.

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2026-03-18 13:49