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<p>Ethereum price fell for the second straight day on Friday as institutional investors took a step back from the asset as they weighed rising geopolitical risks.</p>
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   <li>Ethereum price fell for a second straight day, dropping 4% from recent highs as spot ETF flows turned negative after a 10-day inflow streak.</li>
   <li>Spot Ethereum ETFs recorded $75.94 million in net outflows, signaling cautious positioning by institutional investors amid rising geopolitical tensions.</li>
   <li>Technical indicators point to downside risk, with ETH testing key trendline support and potential targets at $2,200 and $2,000 if selling pressure intensifies.</li>
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<p>According to data from crypto.news, Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) price fell 4% from the Wednesday high of around $2,400 to $2,300 at press time where it had been consolidating.</p>
<p>Ethereum price fell as spot Ethereum ETFs recorded <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer nofollow">$75.94 million in net outflows</a> over the past day. It marks their first outflow day since April 8, breaking a 10-day inflow streak that drew in over $630 million into the products.</p>
<p>The break off from the inflow trend suggests that institutional investors could likely be booking profits out of their positions. This shift occurs as they turn cautious over a political deadlock regarding a ceasefire between the U.S. and Iran, while the Strait of Hormuz continues to remain a primary point of friction.</p>
<p>You might also like: <a href="https://crypto.news/microsoft-backed-space-and-time-targets-no-code-web3-apps/" rel="noopener noreferrer nofollow"> Microsoft-backed Space and Time targets no-code Web3 apps </a></p>
<p>While it might not be a major cause for concern yet, market analysts are closely monitoring whether the outflows from Ethereum ETFs signal a long-term trend.</p>
<p>This comes as the daily Ethereum chart also presents a cautious outlook. Notably, Ethereum price is currently testing an ascending trendline support, a break below which could accelerate selling pressure.</p>
<figure class="wp-block-image size-full"><img width="1827" height="954" src="https://media.crypto.news/2026/04/ETHUSDT_2026-04-24_15-45-51.webp" alt="Ethereum price is testing an ascending trendline support on the daily chart.">
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  Ethereum price is testing an ascending trendline support on the daily chart — April 24 | Source: <a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">crypto.news</a>
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<p>Technical indicators also seem to support a bearish narrative. The MACD lines have formed a bearish crossover while the daily RSI has tilted towards the neutral threshold, a sign that bullish momentum is fading.</p>
<p>Hence if Ethereum price breaks below the ascending trendline support, the next logical move would be towards $2,200 next. If the asset loses this support level as well, the net target for bears could be $2,000.</p>
<p>On the contrary, a successful rebound above $2,400 could invalidate the bearish setup and pave the way for a recovery toward previous monthly highs.</p>
<p>Read more: <a href="https://crypto.news/microsoft-backed-space-and-time-targets-no-code-web3-apps/" rel="noopener noreferrer nofollow"> Microsoft-backed Space and Time targets no-code Web3 apps </a></p>
<p>Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.</p>

Ethereum price consolidates at $2,300 as ETFs break 10-day inflow run

crypto.news

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