- Ethereum sees its first positive inflow in 10 days, adding $20M
- ETH jumps 4% to $2,290 ahead of a major White House meeting
- Open interest climbs to $20B, showing strong market activity
- Indicators suggest ETH could push toward $2,361 if momentum holds
After ten days of steady outflows, Ethereum finally saw a reversal, pulling in $20 million in spot inflows. This shift hints that investor confidence is returning, just as the crypto market gears up for the upcoming White House Crypto Summit on March 7.
ETH’s price reacted quickly, rising 4% in the last 24 hours to trade at $2,290. The sudden surge comes as market sentiment turns positive, potentially setting Ethereum up for more gains in the short term.
🚨 BULLISH: World Liberty Financial, has significantly increased its Ethereum holdings.
— Cointelegraph (@Cointelegraph) March 6, 2025
Over the past week, the company nearly doubled its $ETH assets. pic.twitter.com/XKSN0V1q5G
Data from Coinglass confirms the turnaround. Before this inflow, Ethereum had faced over $600 million in consecutive outflows, as traders pulled back.
$ETH – #Ethereum touched this support level multiple times. We bounced every time. Don’t forget: Trump is holding millions worth of Ethereum. pic.twitter.com/IrbnefZIGw
— Crypto Caesar (@CryptoCaesarTA) March 6, 2025
But now, the tide seems to be turning, with new buyers stepping in.
Another key metric backing this optimism is Ethereum’s open interest, which now stands at $20 billion—up 4% in a day. Open interest measures the number of active futures and options contracts, and rising numbers usually indicate fresh money flowing into the market. That’s a strong sign that traders are betting on further price moves.
Will ETH Push Toward $2,361?
Ethereum’s technical indicators are also flashing bullish signals. The MACD (Moving Average Convergence Divergence) indicator suggests growing momentum, with the MACD line nearing a crossover above the signal line. This kind of setup is often seen as a buy signal, hinting that ETH might have more room to run.
If this momentum holds, ETH could make a push toward $2,361 in the coming days. On the flip side, if the market pulls back, Ethereum might retest the $2,000 level, with support around $1,990.
Ethereum’s big move is just around the corner!
— @CryptoELlTES (@CryptooELITES) March 5, 2025
2017 Q1: +350%
2021 Q1: +170%
2025 Q1: +100%?
What do you think? Drop your comments below!$ETH #ETH #Ethereum pic.twitter.com/df5MrAz0ny
With renewed investor interest and a big crypto-focused discussion happening at the White House, Ethereum’s next move could be critical. All eyes will be on how traders react in the days ahead.
