Ethereum ETFs see $184M comot-out because macro wahala; ETH dey near $2.3K

Ethereum ETFs don extend four-day losing streak wit about $184 million net outflows, as macro and geopolitical risk dey pressure risk appetite. Ethereum ETF flows still be the main short-term driver: cumulative inflows reportedly slip to around $11.9B (from mid-January peak near $12.9B), with the biggest single-day outflow about $87.7M on April 29. Even with Ethereum ETFs dey sell, ETH spot rise roughly 2.2% during same period to about $2,313, showing divergence versus ETF flows rather than immediate spot weakness. Bitcoin ETFs sef weak, post about $476 million net outflows over four days, while traditional markets hit record highs. Macro framing show Fed hold rates at 3.5%–3.75% and energy-driven inflation expectations linked to Middle East/U.S.-Iran tensions. Traders get ETH technical levels for eye: price dey near $2,296–$2,313, neutral RSI (~52), support around $2,289 and $2,244, and resistance near $2,310 and $2,397. Action for traders: watch whether continued Ethereum ETF outflows go fade the ETH/spot divergence, or if ETF selling go remain “non-translating” into spot until key resistance ($2,310) dem reclaim.
Neutral
Ethereum ETF outflows na clear short-term bearish signal, but di same time rise for ETH spot (~+2.2%) show say the selling never immediately turn to spot weakness. Bitcoin ETF outflows and macro uncertainty dey make pipu dey cautious, yet the price action show demand still dey absorb the ETF-related supply. For short term, ETH direction fit depend on whether ETF flow pressure go convert again to spot selling (bearish) or e go remain contained (range/mean-reversion). Key levels ($2,310 resistance; $2,289/$2,244 support) dey make am more likely say this event go produce volatility and range trading until flows and price align.