Due to significant institutional demand, ETHUSD increased to above $2350. It is presently trading at about $2386, having peaked at $2412 at the moment of writing.
Over the past week (April 15–22, 2026), Ethereum whales showed little net accumulation, with on-chain data indicating selective buying in the face of price consolidation around $3,200–$3,500. Recent Santiment and Glassnode data show that larger addresses (10K+ ETH holdings) added around 25,000 ETH net (~$85M), compensating for small profit-taking by mid-tier whales anxious about Fed hearing volatility and growing Hormuz tensions affecting energy prices. Led by BlackRock's ETHA (+$15M) and Fidelity's FETH (+$9M), spot ETH ETF inflows reached +$28M during the week, although Friday experienced a -$6.5M outflow as BTC dominance grew after Warsh's testimony; cumulative AUM is almost $12B and Grayscale ETHE remained stable. Although this diminished activity corresponds with general risk-off attitude from UK CPI upside and Russia crypto restrictions, whales are ready for possible ETF-driven rises should Warsh confirmation increase regulatory clarity.
|
Technicals |
CMP -$2386 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2313 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$2217 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$2230 |
CMP >365 EMA |
Bullish |
Major support- $1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
105.19 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2320-22 with SL around $2200 for a TP of $2770.
