Ethereum ETF Inflows Return With Five-Day Streak as ETH Tests Key $2,594 Resistance on 17 March 2026

On 17 March 2026, Ethereum traded near $2,308 as spot ETFs logged five straight days of net positive inflows, the first such run since January. Analysts describe the move as being driven mainly by options flows and gamma hedging rather than fundamentals, with ETH climbing above its 50-day SMA at $2,118 but still facing major resistance at the 100-day SMA around $2,594. Technical indicators such as an RSI near 62.85 and a strengthening MACD suggest building bullish momentum, while support remains in the $1,837 to $2,000 zone if conditions reverse.