Ethereum ETFs see $53 million net inflows as ETH retests $2,400 resistance

Ethereum (ETH) rebounded to nearly $2,434 before settling close to $2,390 on November 5, marking a recovery after dipping to $2,200 earlier in the week. Despite the upward movement, ETH is still facing notable resistance in the $2,450 to $2,500 zone. US spot Ethereum exchange-traded funds (ETFs) registered around $53 million in net inflows on November 4, according to Farside Investors. This signaled an end to a seven-session streak of outflows, which amounted to $656.4 million in total withdrawals. Among the leading products, BlackRock’s ETHA ETF attracted $32.8 million in inflows, while Fidelity’s FETH added $19.2 million. Both Grayscale’s ETHE and Ethereum Mini Trust also saw positive movement. However, BlackRock’s separate ETHB product recorded $22.4 million in withdrawals, partially offsetting the overall gains.

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