Ethereum is trading around $1,900, near a technically sensitive area. A consortium of more than 140 organizations, including BlackRock, Visa, Mastercard, Stripe, and BNY, confirmed the launch of a new Ethereum-based stablecoin called Open USD (OUSD). U.S. spot Ethereum ETFs have attracted approximately $11.2 billion in cumulative net inflows since launch, with BlackRock dominating at roughly $11.4 billion in cumulative inflows for its ETHA product. Technical analysts identify key resistance between $2,200 and $2,300, approximately 15% to 20% above current levels. The expected consolidation range sits between $1,850 and $2,100, with sustained ETF inflows and institutional adoption remaining bullish catalysts for the long term.
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