Gate News message, April 16 — Ethereum has stabilized above $2,300 following recent gains, with ETH futures open interest climbing to $25.4 billion as leverage demand rises. U.S.-listed spot ETFs recorded net inflows of $248 million over the past 10 days, while institutional investor Bitmine Immersion disclosed purchases worth $312 million in ETH.
However, perpetual contract funding rates have failed to sustain levels above 5% and have repeatedly dipped below zero, signaling limited confidence in the current rally. Ethereum’s weekly DApp revenue has also declined from $24 million in early February to $11 million, with weakening network activity and intensifying public chain competition potentially continuing to pressure ETH price action.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Charles Schwab Launches Bitcoin and Ethereum Trading
Charles Schwab launched Bitcoin and Ethereum trading on its Schwab Crypto platform, starting with an employee pilot and expanding to a client waitlist by Q2 2026. The service targets 46 million brokerage accounts at a competitive 0.75% fee, positioning Schwab against existing crypto platforms.
CryptoFrontier15m ago
Justin Sun Announces TRON’s PQ Transition, Criticizes Bitcoin And Ethereum
Justin Sun has launched TRON’s PQ upgrade plan, positioning it as the first major blockchain to adopt quantum-resistant technology, while criticizing Bitcoin and Ethereum for their slower progress in addressing quantum threats.
Blockzeit25m ago
ETH breaks through 2350 USDT
Gate News bot message, the Gate market shows that ETH has broken through 2350 USDT, current price is 2351.81 USDT.
CryptoRadar2h ago
Ethereum Korea Consortium Launches to Build Collaborative Blockchain Ecosystem
The Ethereum Korea Consortium launched on April 16 to shift South Korea's Ethereum focus from consumption to contributions, addressing challenges like market structure and regulatory issues. The initiative aims to enhance development and create a supportive ecosystem.
GateNews4h ago
Traditional Brokerage to Launch Spot Bitcoin and Ethereum Trading in Coming Weeks at 0.75% Fee
A traditional brokerage is set to launch spot cryptocurrency trading for retail clients, offering Bitcoin and Ethereum access. The service will include multiple trading platforms, a 0.75% fee, and additional crypto assets planned for the future, reflecting a trend of traditional finance entering the crypto space.
GateNews4h ago
ETH rises 0.65% in 15 minutes: spot buying led to net capital inflows
Between 2026-04-16 15:00 and 15:15 (UTC), the ETH price recorded a +0.65% return. The highest price in the range was 2330.16 USDT, while the lowest was 2308.58 USDT, with a swing of 0.93%. The short-term rally immediately drew market attention, increasing capital activity; volatility remained moderately elevated, characterized by strengthening spot buying power.
The main driving force behind this unusual move is that buy orders in the spot markets of major trading platforms continued to dominate. Within 15 minutes, the buy volume accounted for 58%–59%, and the total buy volume was about 2.2K–2.6K ETH
GateNews7h ago
