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Ethereum rebounds above $2,400 with $53M inflows to spot ETH ETFs after selloff

Market News
05 Nov 2026, 16:37 WIB
Coinpaper
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Bullish
Ethereum rebounds above $2,400 with $53M inflows to spot ETH ETFs after selloff

Ethereum's price recovered to around $2,434 after dropping to $2,200 earlier in the week, helped by $53 million in net inflows to US spot Ethereum ETFs, reversing a seven-day withdrawal streak. Key ETFs like BlackRock's ETHA and Fidelity's FETH attracted significant investments, signaling renewed institutional interest after heavy selling in October. Ethereum faces resistance near $2,450-$2,500, and a sustained break above $2,500 could strengthen its recovery. However, ongoing macroeconomic uncertainty and upcoming US employment data may impact future price momentum and institutional demand.

Ethereum trades at Rp42.818.796 on Pluang as of Nov 05, 2026 21:51 WIB, showing a modest 0.23% gain in the last day. Despite recent ETF inflows, Pluang order activity leans 69% Sell and 31% Buy, with investors typically holding for 108 days. The market cap stands at Rp5.233,74 trillion, indicating strong overall interest amid price fluctuations.

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