Ethereum Breaks $2,200 as ETF Inflows and Institutional Buying Fuel Rally
Ethereum is back above $2,200. After tagging a low of $2,165, ETH ripped to $2,288 and now sits at $2,253—up 4.1% on the day. The move came after breaking $2,150 resistance and the 100-hour MA. Momentum is building.
ETF flows are helping. On March 13, spot Ethereum ETFs pulled in $26.7 million net. BlackRock's ETHA led with $32.4 million, ETHB added $2.2 million, while FETH saw a $7.9 million outflow. Institutions are also stacking: Bitmine bought ~833,000 ETH in the last 35 days, worth nearly $2.9 billion—targeting 5% of total supply.
Technically, ETH cleared the 50-day SMA at $2,138. Next resistance: $2,250, $2,280, $2,320. A clean break above the $2,300–$2,400 zone could send it toward $2,500. Support sits at $2,180–$2,200; losing $2,150 would be a red flag.
On-chain data shows realized price near $2,300—a historical inflection point. Market cap now $273.8 billion. ETH is still second to BTC, but the pieces are lining up: ETF inflows, institutional bids, and technical strength. Recovery mode is real.
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