Ethereum Price Today: $2,540

• Ethereum ETFs Outperform: Ethereum ETFs have surpassed the global crypto product market with inflows of $321 million, marking a six-week streak.
• SEC’s Staking Statement Boosts Interest: The SEC’s positive statement on staking has likely increased interest in Ethereum products amidst a broader crypto market downturn.
• Potential Downside Risk: ETH risks falling to $2,260 if it fails to overcome the ascending trendline and the 50-period SMA hurdles.

Ethereum (ETH) is trading around $2,500 on Monday, driven by the strong performance of investment products tracking its price.

Ethereum Products Surge Amid SEC Staking Boost

Ethereum investment products have outperformed the overall digital asset product market in the past week, attracting $321 million in inflows. This marks the sixth consecutive week of net inflows, totaling $1.19 billion, the strongest streak since December 2024, according to CoinShares’ weekly digital asset fund flows report. Spot Ethereum ETFs in the U.S. led the weekly flows, with $285.8 million in net inflows, extending their inflow streak to ten days.

In contrast, Bitcoin products ended their six-week inflow streak with $8 million in outflows after reversing strong inflows from earlier in the week. Additionally, XRP products experienced $28.2 million in net outflows, marking the second consecutive week of outflows.

The superior performance of Ethereum funds follows a statement last Thursday from the Securities and Exchange Commission (SEC)’s Division of Corporation Finance clarifying that certain “staking” activities do not fall under the purview of securities laws. The Division, led by Commissioner Hester Peirce, emphasized that the statement applies to self-stakers of covered crypto assets, as well as non-custodial and custodial staking-as-a-service providers.

The SEC’s new stance has increased interest in ETH and could pave the way for the approval of asset managers’ applications seeking to allow staking within their Ethereum ETFs.

Ethereum Price Forecast: ETH Faces Trendline and 50-Period SMA Hurdle

Ethereum saw $31.63 million in futures liquidations in the last 24 hours, according to data from Coinglass. The total amount of long and short liquidations is $15.69 million and $15.95 million, respectively.

ETH fell below the ascending trendline of an ascending triangle pattern and the 50-period Simple Moving Average (SMA) on Friday and has since struggled around the $2,500 level. If ETH fails to move above the ascending trendline and the 50-period SMA in the coming days, it could find support near the 100-period SMA. Further down, the $2,260 to $2,100 range serves as a key support level.

To the upside, ETH must maintain a firm move above the $2,750 to $2,850 range to begin an uptrend.

The Relative Strength Index (RSI) and the Stochastic Oscillator (Stoch) are below their neutral levels, indicating dominant bearish momentum.