Ethereum ETFs see biggest daily inflows since February as ETH reclaims $1700

In the United States, the United States FNB Ethereum has just seen its biggest daily admissions since early February, reporting a potential turnaround after weeks of lowering feeling.

According to Sosovalue dataThe nine FNB ETFs in the United States brought in $ 38.74 million in net entrances on April 22, breaking a sequence of 10 days of zero or negative flow. This is their highest daily contribution since February 4, when they have seen a huge 307.77 million dollars happen.

It comes after eight consecutive weeks of outings that totalized nearly $ 910 million.

Most of the new capital entered Fidelity’s Feth, which dolty $ 32.65 million. The Bitwise ethw also obtained a decent of $ 6.09 million.

The other funds have not moved much, registering no entry for the day. Overall, since its launch, these ETHEREUM have attracted a total of around 2.26 billion dollars.

The increase in FNB entrances has arrived while Ethereum himself began to recover. Tuesday, ETH increased by more than 10%, passing the bar of $ 1,700 for the first time since April 6.

The rally seems to be motivated by a renewal of optimism following the comments of the American secretary of the Treasury, Scott Bessent, who hinted that the tensions with China on the prices could soon cool.

Some investors are also starting to cover himself against the US dollar, while Trump continues to criticize the president of the Fed, Jerome Powell, and pushes to replace him. This uncertainty, associated with Paul Atkins’ Confirmation as a dry chairseems to give Crypto a boost.

Wednesday, Ethereum (Ethn) had briefly affected $ 1,800, up approximately 14.2% in just two days. Meanwhile, Bitcoin (BTC) crossed the resistance of $ 90,000, gathering up to $ 93,385 and helping to postpone the overall cryptography market greater than an evaluation of 3 dollars.

Bitcoin, who had synchronized with actions earlier this month, now seems to decouple traditional risk assets. Currently, the BTC increased by 13.6% in April, beating a 6.7% increase in Gold. On the other hand, the S&P 500 and the US dollar index are down approximately 5% for the month.

Based on these conditions, analysts now think that Ethereum could prepare for more gains. On April 23, the ASH Crypto market analyst poster On X, saying that ETH seems “ready to explode”, highlighting the similarities with the Bitcoin configuration at the end of 2024.

However, some analysts warn that it is not yet a clear sky. According to For Crypto.News analysts, ETH must exceed the $ 2,000 mark and form a higher top to confirm a complete reversal of the trend. Without that, this rebound could be just another short -term rally in a wider downward trend.