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Ethereum Holds Above $2,080 as $2,200 Resistance Persists

Ethereum is trading above $2,080 and the 100-hour Simple Moving Average after rallying from $1,929 to $2,200, though it has repeatedly met resistance near $2,150 and the $2,200 level, The Coin Republic reports. U.S. spot Ethereum ETFs recorded net outflows of $90 million this week, which the report attributes to institutional de-risking ahead of macroeconomic shifts, while sellers have failed to drive ETH into a deeper correction. On-chain data from ValidatorQueue show more than 3.4 million ETH queued to enter the validator set, up from roughly 904,000 ETH in early January, signaling increased staking demand from large players including corporations and crypto exchanges. If Ethereum cannot break above $2,150, it may retest support around $2,080 and $2,065, with a sustained move below $2,065 potentially opening the path toward $2,020 and $1,980.
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