Ethereum (ETH) Price Prediction: Will ETH Break Out Above the $2,000 Price Level?

Despite attempts to push higher — briefly touching a daily high of $1,621.53 — ETH was rejected near the critical resistance level of the 20-day EMA, currently at $1,755.

Ethereum (ETH) price slipped on Friday, struggling to regain bullish momentum and break out above the $2,000 psychological price level.

At the time of writing, ETH was trading at $1,559.83, down 2.2% in the last 24 hours.

Despite attempting to push higher — briefly touching a daily high of $1,621.53 — ETH was rejected near the critical resistance level of the 20-day Exponential Moving Average (EMA), currently at $1,755.

BlackRock’s $6.4M ETH Buy

Interestingly, the slight downturn in ETH’s price came despite positive institutional developments.

According to Mena Chain's data, BlackRock’s iShares Ethereum Trust (ETHA) saw a significant inflow of $6.43 million on Thursday.

However, this optimism was largely overshadowed by broader market behavior. Newly approved spot ETH ETFs clocked total outflows of $38.79 million, with Fidelity’s Ethereum Fund (FETH) alone reporting a massive $36 million exit.

This divergence between selective accumulation and broader investor skepticism showcases the ongoing uncertainty surrounding Ethereum’s short- to mid-term trajectory.

While the chart below confirms a slight surge in accumulation, the cryptocurrency’s performance has been rather dull this cycle.

This Point Weighs Heavily on Ethereum's Price Action

"Common Criticisms Holding Back Ethereum?"

As highlighted by Santiment, Ethereum is currently meeting an uptick in criticism from “ETH bears.” Common reasons, as highlighted by the blockchain analysis platform, include:

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