Ethereum price rose 1.8% to around $2,143.94 on April 2, 2026, as spot Ether ETF inflows turned positive and exchange reserves fell to a yearly low. The move marked ETH’s biggest daily percentage gain since March 31. Traders also watched the $2,200 resistance zone as market consolidation continued.
US spot Ethereum ETFs recorded net inflows of 14,488 ETH yesterday. That shift followed March outflows of more than $77 million across spot Ether ETFs. March also marked the fifth straight month of net withdrawals.
Since launch, spot Ether ETFs have seen more than $2.4 billion in outflows over that period. Even so, cumulative inflows still stood at $11.5 billion. The latest daily inflow pointed to renewed institutional demand for regulated ETH exposure.
For US k, these products offer access to Ether without direct custody. As a result, fund flows remain closely tied to spot demand during volatile trading periods. In turn, the fresh inflows helped support ETH’s rebound on April 2.
Ethereum price reached an intraday high of $2,164.39, which put it up 2.8% at the day’s peak. It also held above key support at $1,916. For now, ETH remains compressed between $2,200-$2,400 resistance and $1,916-$1,800 support.
A break above $2,200 could open a path toward $2,400. By contrast, a move below $1,916 could expose $1,750. At the same time, volume climbed 21% to $19.2 billion over 24 hours, while open interest rose 7%.
That combination suggested stronger market participation. It also sharpened focus on derivatives positioning. Data showed $633 million in short positions sat at risk above $2,231, while $1.07 billion in longs faced pressure below $2,021.
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Exchange reserves fell to 14.9 million ETH, their lowest level this year. That decline suggested holders moved coins off exchanges into cold storage or staking. Fewer coins on exchanges can reduce immediate sell-side supply.
Combined with the ETF inflows, the lower reserve balance pointed to tighter spot liquidity. US investors could still access ETH through platforms such as Coinbase and Robinhood. There, trading activity reflected ongoing accumulation without direct staking exposure.
Still, Ether remained down 28% year to date and 56.73% below its all-time high of $4,955.23 reached on August 24, 2025. Weekly charts showed a mini death cross, with the 50-week EMA below the 100-week EMA. ETH also traded below the Ichimoku cloud and Supertrend, while an inverted head-and-shoulders pattern kept a rebound case toward $3,000 in play. Can fresh ETF demand and tighter supply push Ether through $2,200? If support at $1,755 fails, the next downside level stands at $1,500.
Ether price rose to around $2,144 as spot Ether ETF inflows turned positive and exchange reserves fell to a yearly low. At the same time, ETH held above key support while traders watched the $2,200 resistance level for the next directional move.