{"id":26148,"date":"2026-04-17T10:37:07","date_gmt":"2026-04-17T10:37:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-approaches-2400-as-etfs-hit-six-day-inflows-streak\/"},"modified":"2026-04-17T10:37:13","modified_gmt":"2026-04-17T10:37:13","slug":"ethereum-price-approaches-2400-as-etfs-hit-six-day-inflows-streak","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-approaches-2400-as-etfs-hit-six-day-inflows-streak\/","title":{"rendered":"Ethereum price approaches $2,400 as ETFs hit six-day inflows streak"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price climbed to an intraday high of $2,375 on Friday as Ethereum ETFs continued to draw steady institutional interest.<\/p>\n<div id=\"cn-block-summary-block_63e0cfef6d3979a7415688a3e7b9778d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price climbs to $2,375 as spot ETFs extend inflow streak to six days, drawing nearly $300 million and signaling renewed institutional demand.<\/li>\n<li>Improving macro sentiment, including easing U.S.-Iran tensions, and continued whale accumulation are strengthening bullish expectations.<\/li>\n<li>ETH nears a breakout above $2,400, with technical indicators pointing to a move toward $2,600, while $2,200 remains key downside support.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Ethereum (ETH) price was trading at $2,375 last check on Friday, April 17. The largest altcoin in the market was up 1% over the past 24 hours and up over 7% in the past 7 days.<\/p>\n<p>Ethereum price rallied as institutional investors continue to show steady demand for the token.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\" rel=\"nofollow\">data<\/a> from SoSoValue, the 10 U.S. spot Ethereum ETFs recorded $18 million in net inflows on April 16, led by BlackRock\u2019s ETHA.<\/p>\n<p>Notably, these institutional products experienced back-to-back inflows for the sixth straight trading day, drawing in nearly $300 million in the period.<\/p>\n<p>Although the flows have been moderate in nature when compared to the beginning of the year, when these products drew in over $100 million a day, they suggest that institutional investors are starting to accumulate the asset with renewed confidence.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>With reports suggesting that the U.S. and Iran could end their ongoing conflict soon, Ethereum ETFs could see a boon in investor sentiment as capital flows back into riskier assets.<\/p>\n<p>Meanwhile, Ethereum treasury firm Bimine has also been aggressively building its holdings with its most recent purchase completed on Monday, April 13. At the moment, the firm holds roughly 4% of the total circulating supply, which brings it very close to its goal of owning at least 5%.<\/p>\n<p>Chairman Tom Lee, in the meantime, has noted that Ethereum is very close to exiting its long crypto winter after it formed a solid bottom recently.<\/p>\n<p>This has fueled bullish expectations across the broader market as whales continue to lock up supply for the long term.<\/p>\n<h1 class=\"wp-block-heading\">Ethereum price analysis<\/h1>\n<p>On the daily chart, Ethereum price is close to breaking out of the horizontal resistance line at $2,400, a level where it previously faced significant selling pressure.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum price and MACD chart \u2014 April 17 | Source: crypto.news<\/figcaption><\/figure>\n<p>The 50-day SMA is closing in on a bullish crossover with the 100-day SMA, a sign that the medium-term momentum is shifting in favor of the buyers.<\/p>\n<p>Additionally, the MACD lines have pointed upwards, which means that the bullish trend is gaining strength, and volume is supporting the current price action.<\/p>\n<p>As such, Ethereum price is expected to break $2,400 soon and potentially move towards the next key resistance target of $2,600. However, if the token\u2019s price falls below $2,200, it could invalidate the current bullish setup and lead to a retest of lower support levels near $2,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price climbed to an intraday high of $2,375 on Friday as Ethereum ETFs continued to draw steady institutional interest. Summary Ethereum price climbs to $2,375 as spot ETFs extend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26148"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26148\/revisions"}],"predecessor-version":[{"id":26149,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26148\/revisions\/26149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11617"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}