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Ethereum dips below $2,350 amid strong ETF inflows and staking supply constraints.

Technical Signals
20 Apr 2026
Blockonomi
View Source
Neutral
pluang ai news

Ethereum's price fell below $2,350 to around $2,253 after facing resistance near $2,420, with key support at $2,250 crucial for a rebound. Despite the price drop, spot Ethereum ETFs attracted $276 million in net inflows last week, led by Fidelity's FETH with $126 million, showing strong institutional demand. Over 32% of Ethereum's supply is locked in staking, reducing market liquidity and contributing to thin order books. Market signals indicate potential accumulation, but failure to hold $2,250 could lead to further declines toward $2,100.

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