Ethereum ETFs see $260M inflows amid mixed market signals and key resistance near $2,438

Ethereum's price hovers near $2,350 after failing to sustain above $2,420, with key resistance at the 20-week EMA around $2,438. US-listed spot Ethereum ETFs accumulated $260 million over three days, offsetting earlier outflows and marking a strong April inflow streak. Institutional buying continues, highlighted by BitMine's recent 40,000 ETH purchase, but selling pressure rises as major holder Garrett Jin transferred 166,023 ETH to Binance and retail investors offloaded 1.5 million ETH recently. Technical indicators suggest resistance at $2,380 and $2,420, with a potential breakout above $2,450 needed to target $2,500–$2,550. Support lies near $2,320 and $2,300, with risks if prices fall below these levels.