Ethereum holds above $2,400 despite 15 days of spot ETF outflows

Ethereum maintained levels near $2,400 over the past 24 hours, continuing a six-day recovery streak as buying activity absorbed pressure from recent sell-offs. This price zone has provided stability for ETH amid broader macroeconomic headwinds and ongoing withdrawals from investment products, serving as a key support area during the latest consolidation phase. Recent trading activity has positioned Ethereum just above a critical onchain reference point. CryptoQuant data shows Ethereum’s realized price is approximately $2,311, reflecting the average onchain acquisition cost of ETH holders based on the price at which coins last changed hands. When Ethereum trades below this level, it often signals that, on aggregate, holders are dealing with unrealized losses, although this does not necessarily mean that all investors are underwater.

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