{"id":26659,"date":"2026-04-24T22:56:01","date_gmt":"2026-04-24T22:56:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-consolidates-at-2300-as-etfs-break-10-day-inflow-run\/"},"modified":"2026-04-24T22:56:16","modified_gmt":"2026-04-24T22:56:16","slug":"ethereum-price-consolidates-at-2300-as-etfs-break-10-day-inflow-run","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-consolidates-at-2300-as-etfs-break-10-day-inflow-run\/","title":{"rendered":"Ethereum price consolidates at $2,300 as ETFs break 10-day inflow run"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price fell for the second straight day on Friday as institutional investors took a step back from the asset as they weighed rising geopolitical risks.<\/p>\n<div id=\"cn-block-summary-block_da625cbf82c166564c9e1f725978bfc6\" 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 fell for a second straight day, dropping 4% from recent highs as spot ETF flows turned negative after a 10-day inflow streak.<\/li>\n<li>Spot Ethereum ETFs recorded $75.94 million in net outflows, signaling cautious positioning by institutional investors amid rising geopolitical tensions.<\/li>\n<li>Technical indicators point to downside risk, with ETH testing key trendline support and potential targets at $2,200 and $2,000 if selling pressure intensifies.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Ethereum (ETH) price fell 4% from the Wednesday high of around $2,400 to $2,300 at press time where it had been consolidating.<\/p>\n<p>Ethereum price fell as spot Ethereum ETFs recorded <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\" rel=\"nofollow\">$75.94 million in net outflows<\/a> over the past day. It marks their first outflow day since April 8, breaking a 10-day inflow streak that drew in over $630 million into the products.<\/p>\n<p>The break off from the inflow trend suggests that institutional investors could likely be booking profits out of their positions. This shift occurs as they turn cautious over a political deadlock regarding a ceasefire between the U.S. and Iran, while the Strait of Hormuz continues to remain a primary point of friction.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>While it might not be a major cause for concern yet, market analysts are closely monitoring whether the outflows from Ethereum ETFs signal a long-term trend.<\/p>\n<p>This comes as the daily Ethereum chart also presents a cautious outlook. Notably, Ethereum price is currently testing an ascending trendline support, a break below which could accelerate selling pressure.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum price is testing an ascending trendline support on the daily chart \u2014 April 24 | Source: crypto.news<\/figcaption><\/figure>\n<p>Technical indicators also seem to support a bearish narrative. The MACD lines have formed a bearish crossover while the daily RSI has tilted towards the neutral threshold, a sign that bullish momentum is fading.<\/p>\n<p>Hence if Ethereum price breaks below the ascending trendline support, the next logical move would be towards $2,200 next. If the asset loses this support level as well, the net target for bears could be $2,000.<\/p>\n<p>On the contrary, a successful rebound above $2,400 could invalidate the bearish setup and pave the way for a recovery toward previous monthly highs.<\/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 fell for the second straight day on Friday as institutional investors took a step back from the asset as they weighed rising geopolitical risks. Summary Ethereum price fell&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26659","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\/26659","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=26659"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26659\/revisions"}],"predecessor-version":[{"id":26660,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26659\/revisions\/26660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11571"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}