Ether needs spot ETF inflows, rising DEX volumes, and a higher futures premium to potentially rally above $2,400, as reported by CoinTelegraph.
Ether has experienced a 6% correction between Wednesday and Thursday, retesting the $2,050 level amid a risk-off environment linked to the US and Israel-Iran war, as noted in a CoinTelegraph article.
The cryptocurrency's 31% drop since the start of 2026 stems from reduced activity in decentralized applications and regulatory uncertainties in the United States, including Senate discussions on stablecoin yield bans.
Key Indicators Affecting Ether's Price
US-listed spot Ether ETFs have seen $298 million in net outflows since March 18, marking six consecutive days of redemptions, which reflects weak institutional demand despite embedded staking features.
Weekly decentralized exchange volumes on Ethereum have fallen to an average of $9.4 billion, about 50% lower than levels in the final three months of 2025, indicating diminished demand for the token.
ETH two-month futures traded at a 2% premium on Thursday, below the neutral range of 4% to 8%, suggesting a lack of bullish leverage and confidence among traders.
The Financial Action Task Force urged nations to increase oversight of stablecoins due to their use in payments and potential for suspicious activity, adding to market pressures.
While companies like BitMine and SharpLink are accumulating Ether, a turnaround in DEX activity and institutional inflows is needed for a sustainable rally above $2,400, according to the article.
