TechFlow News, April 16: According to Cointelegraph, Ethereum’s price has stabilized above $2,300 following a recent rebound, and ETH futures open interest has risen to $2.54 billion—indicating increased demand for leveraged positions. Meanwhile, U.S.-listed spot Ethereum ETFs recorded net inflows of $248 million over the past 10 days, and Bitmine Immersion disclosed its purchase of $312 million worth of ETH.
However, ETH perpetual contract funding rates have failed to sustain levels above 5% and have repeatedly dipped below zero, reflecting limited market confidence in this rally. Additionally, weekly DApp revenue on Ethereum has declined from $24 million in early February to $11 million, suggesting weakening network activity and intensifying competition among Layer-1 blockchains—which may continue to weigh on ETH’s price trajectory.
