Ethereum (ETH) Price: Spot ETFs Record $248M in 10-Day Inflows as ETH Holds Above $2,300

TLDR

• ETH futures open interest hit $25.4 billion following a 26% increase
• US spot Ethereum ETFs recorded $248 million in net inflows over the past 10 days
• Bitmine Immersion acquired $312 million worth of ETH, now holding 4.87 million ETH
• ETH funding rates have dipped below 0% multiple times, signaling bearish skepticism
• Ethereum’s weekly DApp revenue dropped to $11 million, down from $24 million in February

Ethereum is trading above $2,320 after climbing from its March 29 low of $1,940. The price has been consolidating near $2,350, with immediate resistance at $2,380.

ETH futures open interest rose 26% to reach $25.4 billion, showing more traders are taking leveraged positions. This comes after 10 weeks of failed attempts to break above $2,400.

Despite the rise in open interest, ETH perpetual futures funding rates have repeatedly dipped below 0%. That means more traders are betting against the price than supporting it. Under normal conditions, funding rates sit between 5% and 10%.

US-listed Ether spot ETFs brought in $248 million in net inflows over the past 10 days. On April 15, Ethereum ETFs saw $67.85 million in single-day inflows, according to Wu Blockchain.

Bitmine Immersion (BMNR) announced it acquired $312 million in ETH and now holds 4.87 million ETH, worth approximately $11.46 billion. However, those holdings are currently 13% below their acquisition cost.

US Ether ETF assets under management stand at $13.7 billion, down from $20.5 billion three months ago.

DApp Revenue Declines

Ethereum’s weekly DApp revenue has fallen to $11 million, down from $24 million in early February. Activity has dropped across memecoins, lending platforms, decentralized exchanges, and NFTs.

Competing blockchains like Hyperliquid and Plasma are drawing attention from investors questioning whether Ethereum can capture future DApp demand.

Network Metrics Show Mixed Signals

On the positive side, Ethereum’s 14-day moving average of total transactions has hit a record high, trending upward since March. Active addresses have also started recovering after hitting their lowest point since January.

Staking inflows are climbing. Since April began, total ETH staked has grown by 550,000 ETH to reach 39.28 million ETH. Year-to-date staking inflows stand at 3.29 million ETH.

Total value locked in Ethereum DeFi protocols remains flat at around $55.6 billion, pointing to limited new capital entering the ecosystem.

Analyst Crypto Patel noted on X that ETH is sitting just below an unfilled price gap between $2,474 and $2,634, calling that the next likely target. He identified $2,900–$3,050 as the key resistance zone, and said a daily close above $3,056 would signal a full trend reversal. He set $1,765 as the critical downside level.

On the price chart, a contracting triangle pattern is forming with resistance at $2,380. A break above $2,400 could open the path toward $2,500–$2,550.

ETH staking inflows reached 3.29 million ETH year-to-date as of April 16, 2026.

The post Ethereum (ETH) Price: Spot ETFs Record $248M in 10-Day Inflows as ETH Holds Above $2,300 appeared first on CoinCentral.