Ethereum Price Fights $2,500 Resistance as Traders Watch for Next Move

Key Insights:

• Ethereum (ETH) price remains stuck between $2,250 and $2,450 as traders wait for a clear breakout.
• Crypto investment funds recorded fresh inflows, with Ethereum crypto products adding $77.1 million last week.
• Large ETH transfers to Binance raised concerns about possible selling pressure near resistance.

Ethereum (ETH) price stayed close to the $2,300 level as market activity slowed after weeks of heavy trading.

Investors are now watching whether fresh buying pressure can help the ETH price move out of its current range after several failed attempts.

Ethereum Price: Derivatives Market Slows Near Resistance

Ethereum price has traded between $2,250 and $2,450 for almost a month.

The market entered this phase after ETH bounced strongly from its February low and gained about 33%.

During the rally, activity in the derivatives market increased sharply. Open interest in Ethereum futures rose by around $4.5 billion, showing that traders were placing more bets on price movement.

Data shared by analyst Darkfost also showed Binance’s Estimated Leverage Ratio climbed to 0.76 on March 16.

The figure pointed to rising leverage use as traders looked for a possible breakout.

Even while the Ethereum (ETH) price moved higher, funding rates stayed mostly negative for several weeks. This suggested that many traders still expected the market to fall.

That picture has now changed. Funding rates recently turned positive as more traders opened long positions.

At the same time, leverage levels on Binance dropped to 0.57 while the ETH price tested the $2,450 area again.

Part of the decline came after traders who expected a breakout quickly closed positions when the Ethereum price slipped back toward $2,350.

Some short positions were also pushed out during the latest rally. Lower leverage is not always seen as bad for the market.

Heavy leverage can increase sudden liquidations and create unstable price swings. A lower ratio may help the market settle while traders wait for a clearer direction.

For now, analysts believe spot demand will play a bigger role in deciding whether the Ethereum price can finally break above resistance. Futures activity alone may not be enough to drive a stronger rally.

Ethereum (ETH) Funds Record Fresh Inflows

Ethereum price also saw support from renewed inflows into crypto investment products last week as investor sentiment improved across the market.

CoinShares reported that digital asset investment funds recorded $857.9 million in net inflows during the week.

It marked the sixth straight week of positive flows and the strongest total since late April.

Bitcoin products attracted most of the money, bringing in more than $706 million. Ethereum crypto products added another $77.1 million after recording outflows the previous week.

Solana and XRP funds also posted gains during the period. Meanwhile, multi-asset products were the only category to record notable outflows.

The improvement in fund flows came as investors reacted to developments tied to the Clarity Act in the United States.

Discussions around crypto regulation and stablecoin rules helped lift market confidence.

Bitcoin price climbed above $81,000 during the week as the broader crypto market steadied. Total assets under management across crypto funds also rose to $160 billion.

BlackRock iShares products led weekly inflows with $733 million. ARK 21Shares and Bitwise also recorded strong numbers, while Grayscale continued to post outflows.

Will Large Transfers Hurt The ETH Price?

Some traders are still worried about selling pressure from large holders despite the recent market strength.

Blockchain tracking account Lookonchain reported that trader Garrett Jin moved another 225,627 ETH worth about $528 million to Binance. Over four days, the wallet transferred a total of 577,896 ETH valued at roughly $1.35 billion.

The report said most of the Ethereum was swapped from Bitcoin about eight months ago when ETH price traded near $4,591.

With the current market price sitting far below that level, the trader is reportedly facing losses close to $1.3 billion.

Large transfers to exchanges of Ethereum have attracted attention because investors usually move assets there before selling.

Even so, Ethereum crypto price has continued to hold near its recent range despite concerns around possible selloffs.

Traders are now focused on whether buyers can push ETH price above $2,500 and open the door for another upward move.

The post Ethereum Price Fights $2,500 Resistance as Traders Watch for Next Move appeared first on The Coin Republic.