Crypto commentators expected the ETH price to test new highs after it broke the $2700 mark yesterday.

But the asset has declined nearly 3% since analysts made this prediction. This price action came as the SEC held off on approving “in-kind redemptions” of the Ethereum ETF.

Crypto commentators expected the ETH price to test new highs after it broke the $2,700 mark yesterday. But the asset has declined nearly 3% since analysts made this prediction.

This price action came as the SEC held off on approving “in-kind redemptions” of the Ethereum ETF.

Following this recent price action, market participants are asking questions. Will Ethereum surpass $2,800 in 2025? Are there viable low-cost portfolio alternatives? Read on for more details.

ETH Price Impact Unclear as SEC Delays Fidelity Ethereum ETF Decision

Asset manager Fidelity has faced a setback in its request to allow “in-kind redemptions” of the Ethereum ETF. The U.S. Securities and Exchange Commission (SEC) has delayed the firm’s proposal pending review.

In-kind redemptions permit ETH ETF shareholders to convert their holdings into other crypto assets rather than cash.

Fidelity isn’t the only fund facing this issue. Top firms like VanEck and BlackRock are also awaiting the potential approval of a similar Ethereum ETF withdrawal method. Last month, the SEC also postponed decisions regarding a similar proposal by VanEck concerning its Ethereum ETF.

For now, the agency has not set a clear date for issuing a final ruling on Fidelity’s request. Industry experts are keenly following the potential impact of such a feature on Ether.

ETH Price Struggles at $2,800 Resistance

The ETH price has again made a failed attempt to break the $2,800 barrier. It is currently trading around $2,558 after falling from the $2,700 mark in the previous session.

In the past two weeks, the ETH token has encountered pressure from sellers at the $2,800 level. As a result, the asset faced a continuous price drop in this region.

Source: TradingView

Glassnode explains that cost basis Ethereum buyers are trying to recover their money at this level. Due to the high selling pressure, the ETH price faces resistance at $2,738.

At the moment, Ethereum is trading close to the middle Bollinger band, which could indicate a recovery. The action also suggests that buyers are returning to the market at this level.

Moreover, ETH’s MACD indicator is now showing bullish signals, suggesting weak upward momentum for the asset.

BlackRock Leads Ethereum ETF Inflows

While the ETH price is struggling, the Ethereum ETF market pulled in $58.63 million in assets. The sector last experienced such a strong outing in early February.

BlackRock iShares Ethereum Trust (ETHA) topped the table with $52.84 million in inflows. In second place, Grayscale Ethereum Mini Trust (ETH) generated $5.79 million. The other funds closed the session with zero net flows.

This marked the sixth consecutive day of inflows for the ETH ETF sector, bringing their total cumulative net inflow to $2.76 billion.

ETH Price Prediction

Although the ETH price has yet to breakout, a more positive atmosphere could shift the asset’s trajectory.

Ethereum is currently trading above its 200-day SMA, which could indicate the beginning of an uptrend. If ETH manages to stay above that level, investors’ confidence may be renewed. In turn, this could encourage more buying or holding activity.

Furthermore, ETH could make another attempt at $2,800 if it manages to remain above $2,600 with good volume. A breakout above this level could push Ethereum towards $3,000 later in the year. However, if the bear market gains momentum, the asset could hit lows of $2,111.

Why Unilabs Could Be The Smart Play Right Now

Despite the recent struggles of the ETH price, technical indicators suggest the coin could quickly bounce back. However, the outcome will depend on several market factors, including the in-kind redemption of the Ethereum ETF.

With the weak performance of the Ethereum price, Unilabs (UNIL) provides an excellent alternative for investors who wish to diversify their portfolio. This DeFi project acts as an investment guide and fund, allowing investors of all levels to benefit from the crypto market.

Whale traders are already accumulating the asset, and token adoption is rapidly increasing. Additionally, analysts are predicting that its investment fund will witness explosive growth, similar to the Ether ETF vehicles.

Currently in its ICO phase, UNIL is available at a discounted price of $0.0051. This low entry barrier positions early adopters for massive returns.