Crypto
Ethereum trapped in range as whales step up buying, ETFs turn to net inflows
Ethereum is holding in a range below $2,400, with large whale holders buying more than 140,000 ETH from May 1 to 3, worth about $322 million, Santiment data show. Derivatives positioning has entered a zone with heavy liquidation pressure, with long liquidations clustered below $2,206 and short liquidations above $2,412, CoinGlass data show. Ethereum spot ETFs turned to net inflows on May 1, led by BlackRock’s ETHA and Fidelity’s FETH, Farside Investors data show.