Ether (ETH) is trading around $2,340 and has repeatedly failed to close above $2,400. The price rallied alongside Bitcoin’s recovery toward $79,000, but momentum has not been enough to break through key resistance.
Spot Ethereum ETFs logged 10 straight days of net inflows as of Wednesday, totaling $633 million. Cumulative ETF inflows are now approaching $12 billion. For the week, three trading days produced $206 million in net inflows, the strongest weekly figure since launch.
GSR Markets launched the BESO ETF on Nasdaq this week, the first US-listed fund to actively manage a basket of BTC, ETH, and SOL with built-in staking yields. The fund charges a 1% annual fee, rebalances weekly, and passes through ETH staking yields of 3.3–4.0% APY directly to shareholders.
NEW: @GSR_io is launching their first ETF! Ticker is $BESO. Its actively managed and will invest across Bitcoin, Ethereum & Solana. Fee is 1%. pic.twitter.com/Gr1n8KAVpq
— James Seyffart (@JSeyff) April 22, 2026
BESO enters a market alongside BlackRock’s IBIT, which holds $54 billion in AUM, and Bitwise’s BAVA, which offers AVAX exposure at 5.4% staking APY.
ETH network transactions surged 41% week-over-week as ETF activity picked up. Exchange supply is also dropping as staking pulls assets off the open market.
Weekly DApp revenue on Ethereum fell to $13 million in April, down nearly 50% from six months ago. The broader DApp sector has also weakened, with aggregate weekly blockchain DApp revenue falling to $73 million from $130 million in October 2025.
Solana, BNB Chain, and Hyperliquid all saw similar declines, suggesting this is a market-wide trend rather than an Ethereum-specific problem.
ETH is down 22% year-to-date while the broader crypto market is down 14%. Despite this, Ethereum remains the leader in total value locked (TVL), and its layer-2 solutions have gained market share in DEX volumes.
The annualized ETH futures premium dropped to 1%, well below the 4% neutral threshold. This points to low demand for leveraged long positions, at the lowest level in four months.
Analyst Ali Charts posted that ETH is testing its Realized Price at $2,340, the average cost basis for all on-chain investors. He noted that when this level holds as support historically, ETH has entered expansion phases.
Ethereum $ETH is testing a critical level that has historically separated bear markets from macro expansions.
ETH is trading around its Realized Price at $2,340. This level represents the average cost basis for all on-chain investors.
Historically, during recovery phases, the… pic.twitter.com/wTUrL1DpxA
— Ali Charts (@alicharts) April 23, 2026
Analyst Ted Pillows warned that ETH failed to reclaim $2,400 and identified $2,250 as the next key support zone. He added that ETH is looking weak relative to Bitcoin.
$ETH tried to reclaim the $2,400 level but failed.
The next key support for Ethereum is around the $2,250 zone, which could get retested.
For now, ETH is looking weak compared to Bitcoin, so any small correction in BTC would be bad for Ethereum. pic.twitter.com/MqyYeExgQ4
— Ted (@TedPillows) April 23, 2026
TD Cowen has a $3,650 price target on ETH, and Standard Chartered holds a $7,500 institutional-flow thesis for the longer term.
The Fear & Greed Index currently sits at 33, indicating fear, with 30-day volatility at 5%.
The post Ethereum (ETH) Price: Spot ETF Inflows Hit $633M Over 10 Days — Here’s What The Chart Says appeared first on CoinCentral.
