Ethereum Price Stalls As ETH ETFs Eyes Best Performance in 2026

Ethereum price rose slightly on Monday morning. This happened after an Axios report highlighted a key offer made by Iranian negotiators on how to end the war. Still, the coin remains at an important resistance level. It may break out in either direction despite the soaring ETH ETF inflows.

ETH ETFs Are Having the Best Month Amid Ethereum Price holding Steady

Ethereum price is holding steady at an important level. Investors are reacting to the rising demand from American investors who have boosted their ETF holdings this month.

Data compiled by SoSoValue shows that these funds have added $539 million in inflows this month. It has four more trading days to go. If the trend continues, chances are that the inflows will cross the $800 million mark.

The funds have been shedding assets in the past five months. They lost over $2.7 billion in assets in that period.

These funds have now added over $12 billion in assets since their inception in 2024. With this, their holdings rose to over $13.7 billion. BlackRock’s ETHA is the best performer, with its holdings rising to $7.3 billion. Grayscale’s ETH and ETHE follow it with their $2.1 billion and $1.9 billion in assets.

The rising ETH ETF inflows are important as they signal resilient demand from American institutional investors. This included companies like Goldman Sachs, Citadel, Jane Street, and Millennium Management.

Still, Ethereum ETF inflows pale in comparison to those tracking Bitcoin, which have gained over $2.4 billion this month.

The ongoing ETF inflows coincided with the rising Fear and Greed Index. It moved from the extreme fear zone of 10 earlier this year to the greed zone of 62 last week.

This trend may continue if progress is made in the ongoing US-Iran ceasefire. A report by Axios said that Iran submitted an offer to reopen the Strait of Hormuz in exchange for postponing any nuclear talks.

Such a move would help to lower crude oil prices and lead to a risk-on sentiment, which would boost crypto prices.

BitMine Ethereum Accumulation Continues

Meanwhile, BitMine has continued to accumulate Ethereum, making it the most aggressive buyers in the industry. It has bought 315,582 ETH coins in the last 30 days, bringing its holdings to 4.97 million.

A LookonChain report last week showed that the company continued its buying spree last week. The on-chain data showed that the company bought 100k coins.

If this is correct, it means that its holdings are about to flip those held by all spot Ethereum ETFs. It also means the BitMine is slowly approaching the 6 million mark of its Ethereum accumulation goal.

Unfortunately, many other Ethereum Treasury companies have largely stopped buying. In addition to BitMine, only Quantum Solutions and Exodus Movement have bought Ethereum in the past 30 days.

On the positive side, more investors are staking their Ethereum coins this year. Data shows that the staking ratio has jumped to 32%, while inflows have soared by 674k in the last 30 days. These coins are now valued at over $2 billion, while the staking queue has soared to a new record high.

Ethereum Price Prediction: Technical Analysis

The daily timeframe chart shows that the Ethereum price has stalled at an important resistance level. It is trading at $2,365, a level it has failed to move above several times in the past few months. That is a sign that investors are afraid of buying above this price.

On the positive side, this price is along the upper side of the ascending triangle pattern. This often leads to more upside over time. It has jumped above the 50-day Exponential Moving Average and is hovering near the 61.8% Fibonacci retracement level.

Therefore, the price will likely continue rising as bulls target the next key resistance at $2,500. A move above that level will point to more gains, potentially to $2,500.