Coinspeaker
Apr 30, 2025

Ethereum Requires Significant Rally for ETF Staking to Drive Price Increases

1 min

Ethereum is approaching potential spot ETF staking approvals, but analyst Eric Balchunas warns this may not significantly boost inflows. He cites a lack of sustained price momentum as a critical issue.

  • During a 71% rally in late 2024, Ethereum saw $2.44 billion in ETF inflows over 19 days.
  • Since reaching $4,107 in December, Ethereum has dropped over 56%, currently trading around $1,805.
  • Whales sold 262,000 ETH worth approximately $445 million between April 9 and April 26, impacting bullish sentiment despite ETF discussions.

Currently, the SuperTrend indicator signals "Sell," with a crucial resistance level at $1,950 for a bullish turn. A break above this could lead to a rally towards $2,120. The MACD shows positive momentum, while RSI at 55.66 suggests mild bullish bias. However, if Ethereum fails to maintain levels above $1,730, it could drop to $1,680 or lower.

ETH price chart
ETH price chart