Ethereum Sees $269 Million Inflows Amid $2,500 Resistance Battle

Ethereum is currently facing a critical juncture as bulls and bears engage in a tight battle around the $2,500 level. Despite multiple attempts, bulls have not yet managed to establish control above this key resistance, while bears have been unable to push the price to new lows, indicating a stalemate. This price compression occurs as broader market sentiment shifts, with the US stock market recently reaching a new all-time high. Analysts believe that cryptocurrencies, including Ethereum, could be next in line to follow this upward trend.

Adding to the optimism is new data from Artemis, which shows that Ethereum recorded over $269 million in net inflows in the past 24 hours. This significant increase in capital flowing into ETH reflects renewed investor confidence and could act as a catalyst for further price movements. As global liquidity trends upward and risk appetite returns, Ethereum continues to gain momentum.

However, the $2,500 level remains a major obstacle. A confirmed breakout above this level could trigger a sharp upward move, potentially leading the way for an altcoin recovery. Until then, ETH traders remain vigilant, watching for either a clean breakout or another rejection, which could be a defining moment for Ethereum’s mid-term direction.

Ethereum has been consolidating in a broad range, trading between $2,200 and $2,800 for several weeks. This tight price action reflects broader indecisiveness across the altcoin market, with traders awaiting a definitive breakout to kickstart the anticipated altseason. Despite occasional surges in momentum, ETH has yet to break above the $2,800 mark—a level that could open the door for sustained upside and renewed altcoin activity.

The macroeconomic environment remains uncertain, with mixed inflation data, geopolitical risks, and a volatile interest rate outlook. Yet, amidst this backdrop, Ethereum continues to show resilience. Many analysts believe that once ETH breaks out of this range, it could act as the trigger for a broader altcoin rally.

Adding to the bullish outlook is data shared by top analyst Ted Pillows, who highlighted a significant shift in investor behavior. According to Pillows, Ethereum saw over $269 million in net inflows in the last 24 hours, signaling renewed demand from institutional and retail players alike. These inflows, tracked by Artemis, point to growing confidence and could serve as the foundation for Ethereum’s next leg higher.

While uncertainty lingers, momentum is quietly building. Ethereum’s ability to hold above $2,200 and attract capital during macro headwinds suggests underlying strength. For altseason to truly ignite, ETH must break out of its current range and push decisively into higher territory. Until then, traders and investors continue to watch closely, knowing that once the breakout happens, it could shift the entire market cycle forward.

Ethereum is currently trading at $2,427, consolidating below the key 200-day simple moving average (SMA) at $2,544. After bouncing off support near $2,200 earlier this month, ETH has managed to hold above the 100-day SMA ($2,167) and regain some structure. However, the price remains capped by a cluster of resistance levels, including the 50-day SMA ($2,534) and the 200-day SMA, both of which are converging near $2,540—a critical zone for bulls to reclaim.

The chart shows that Ethereum has been trading within a broad range between $2,200 and $2,800 for several weeks, reflecting market indecision. The failure to break through the $2,800 zone earlier in June has kept ETH in a sideways pattern. Volume has also declined, suggesting caution among traders as ETH tests this tight band of resistance.

A strong daily close above the $2,540–$2,550 region could confirm a bullish breakout and reignite momentum toward the $2,800 level. On the downside, a drop below $2,300 would weaken the current setup and expose Ethereum to further losses.