- Ethereum’s Spot ETF sees a net inflow of $13.09M, bringing total ETH traded assets to $10.42B, reflecting growing investor interest.
- ETH is currently trading around $2,763.27, with a narrow range indicating market indecision before a potential breakout.
- Coincodex predicts a 21.3% drop in ETH price by February 22, with a long-term decline to $2,506.95 by March 2025.
Ethereum’s price has been fluctuating within a range lately, capturing attention from analysts and investors alike. Ethereum has seen price surge attributed to lately significant Ethereum Spot ETF inflow which saw a net Inflow of $13.09M, cumulative Net Inflow of $3.16B bringing the total ETH traded assets to $10.42B which is a 3.14% Ethereum Market Cap.
ETH Current Price Consolidates at $2,763, Awaiting Breakout
At the time of writing, ETH/USDT pair was trading at $2,763.27, reflecting a 1.0% increase, indicating a positive market sentiment. Over the past 24 hours, ETH has traded within a range of $2,712.37 and $2,767.69 , showing moderate volatility.
The relatively narrow trading range suggests Ethereum is in a consolidation phase, with market participants waiting for a decisive move. The slight upward trend signals bullish interest, possibly due to broader market strength or upcoming fundamental catalysts.
ETH Rebounds Strongly, Eyeing New All-Time Highs
According to What Not Crypto analyst, he says that ETH just BOUNCED from the bottom and seems ready for a NEW ATH. The Ethereum (ETH/USDT) chart on the 1-week timeframe indicates a strong uptrend, with price movements forming higher lows along a yellow ascending trendline.
Historical price movements highlight two previous major rallies: the first bottom led to a +150% increase, while the second resulted in a +75% surge. The current rebound from the latest bottom could signal the start of another upward move.
A critical resistance zone is visible around $3,800 – $4,000, where previous price peaks have been rejected. If Ethereum successfully breaks this level, it could pave the way for a rally towards $5,000 – $5,500, potentially setting new all-time highs (ATHs).
ETH Price Outlook For February 22
Coincodex forecasts for February 22 suggest that Ethereum price is likely to drop by 21.3% reaching an average price of $ 2,737.63. Moreover,the price of Ethereum is predicted to drop by -8.43% and reach $ 2,506.95 by March 23, 2025. Overall, ETH’s trajectory remains bullish, with strong fundamentals supporting growth.
