Ethereum has continued its recent rebound, with the price climbing back above $1,900. This market recovery is driven by both the restoration of inflows into the US Ethereum ETF and continued institutional buying, making $2,000 a key level to watch in the short term.
As of press time, ETH was trading at $1942.56, up 4.2% in the last 24 hours. It has risen 8.8% in the past 7 days, 9.7% in the past two weeks, and 12.3% in the past month, indicating that its previously weak trend is recovering.
ETF funds resume net inflows
After a period of outflows, US spot Ethereum ETFs have returned to net inflows. BlackRock's ETHA is considered one of the main driving forces, reflecting institutional funds returning to Ethereum-related products.
Besides ETFs, corporate holdings continue to attract attention. The report mentions that BitMine currently holds approximately 5.777 million ETH, representing about 4.8% of the current circulating supply. About 85% of this is already staked, which, according to the article's estimate, corresponds to an annualized staking yield of approximately $247 million.
$2,000 becomes the short-term focus
From a price perspective, ETH is approaching the upper limit of its 24-hour range. The market currently considers $1950 to $2150 as the first major resistance zone, with $2000 being the most closely watched psychological level.
If prices continue to hold above this level, market focus may shift to higher levels. The report mentions that subsequent resistance levels are at $2501, $2970, and $3349, with stronger resistance around $3728 and $4108. The historical high is $4946.05, reached in August 2025.
Short-term support levels remain a focus.
From a technical perspective, ETH has broken above the 20-day and 50-day exponential moving averages, indicating improved short-term momentum. The Relative Strength Index (RSI) is close to 70, suggesting strong buying pressure, but if the upward momentum continues to accelerate, volatility may also increase.
Crypto analyst Javon Marks believes that ETH has broken through a long-standing downtrend line, which could signal the early stages of a broader correction. However, whether the current upward trend can continue depends on whether the price can hold the recently recovered support area.
On the downside, the market is first watching the $1900 level, followed by $1879, and then the recent intraday low around $1854. These levels will determine whether the current rebound structure can be sustained.
