Ethereum reclaims 100-day SMA as weekly ETF inflows hit $276M

Ethereum reclaims $2,300 as buyers step in. ETFs log the strongest weekly inflow since Jan 16.

Key drivers
- Price structure flips bullish per analysts here. Ethereum trades above $2,300 and tests $2,300–$2,370 resistance, with $2,316 at writing per the shared chart from @AshCrypto.
- The 100‑day SMA is back above price, ending months of dynamic resistance since Nov 2025 according to NewsBTC.
- Q1 2026 resistance turned into support. An ascending triangle broke topside, with the analyst saying “hold > $2,300 and the next leg starts” source.
- US spot Ether ETFs took in $275.83M last week, the biggest since the week ending Jan 16 SoSoValue, echoed by NewsBTC here.
- Derivatives flow flipped. Net taker volume printed +$102M, the first buy‑side dominance of this cycle @Darkfost, summarized by NewsBTC here. The last comparable burst was in 2022 near $1,000 ETH, with some seeing early signs of structural recovery if it persists Bitcoinist.