$ALEO Gate News, April 16 — Following recent gains, Ethereum has stabilized above $2,300. As leverage demand rises, the open interest in ETH futures has climbed to $25.4 billion. Over the past 10 days, U.S.-listed spot ETFs recorded net inflows of $248 million dollars, while institutional investor Bitmine Immersion disclosed ETH purchases worth $312 million dollars. However, the perpetual contract funding rate could not be maintained at above 5% and repeatedly fell below 0, indicating limited market confidence in the current rebound. Ethereum’s weekly DApp revenue also fell from $24 million dollars in early February to $11 million dollars; with weakening network activity and intensifying competition among public chains, this may continue to put pressure on ETH’s price trend.