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Ethereum Nears Key Technical Resistance as Large‑Scale Accumulation Continues
Ethereum traded around $1,961, gaining 4.57% in the last 24 hours and 6.41% over the week, with daily trading volume of roughly $8.47 billion across spot and derivatives markets. Open interest remains spread among major exchanges, with Gate showing about $6.97 billion and CME as the second‑largest holder.
On‑chain data shows BitMEX co‑founder Arthur Hayes adding 3,298 ETH (about $6.39 million) to his holdings, raising his total to 7,213 ETH valued near $13.9 million. His continued buying occurs as ETH approaches a long‑standing resistance zone that has halted prior recovery attempts.
Technical analysis also notes that the ETH/BTC pair is testing a four‑year downtrend resistance, a move some analysts link to a recent rise in the copper‑to‑gold ratio, which broke its own four‑year decline in early 2026. Meanwhile, Ether‑linked ETFs have recorded net inflows of about $11.22 billion, indicating growing institutional interest despite mixed daily flow patterns.
Entities
Arthur Hayes · BitMEX · ETH/BTC · Ether ETF · Ethereum
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The copper‑to‑gold ratio broke its four‑year downtrend in the first quarter of 2026. coinedition.com
- [○ 1 SOURCE] Open interest on Gate.io was roughly $6.97 billion, making it the leading exchange. dinardetectives.com
- [○ 1 SOURCE] Ether‑linked ETFs recorded net inflows of about $11.22 billion. coinedition.com
- [○ 1 SOURCE] The ETH/BTC pair is testing a four‑year resistance level. coinedition.com
- [○ 1 SOURCE] Arthur Hayes bought an additional 3,298 ETH worth about $6.39 million, bringing his total to 7,213 ETH valued near $13.9 million. en.coinotag.com
- [○ 1 SOURCE] Ethereum traded at about $1,961, up 4.57% in the previous 24 hours. dinardetectives.com
- [○ 1 SOURCE] Ethereum price rose 6.41% over the past week. dinardetectives.com
- [DISPUTED] Ethereum's daily trading volume was about $8.47 billion. dinardetectives.com