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$ETH falls to $3,650 after pullback, but record flows maintain the momentum
๐ Current price and technical structure
Current price: $3,650.26
Intraday range: $3,515 โ $3,666
ETH corrects to $3,760), but remains within the bullish channel. Key support in the $3,620โ$3,650 area.
โ๏ธ Key factors
On its first anniversary, spot ETFs have accumulated $332.2M in net inflows today, marking 14 consecutive days of income โ and they already reach AUM of $16.5B
Yesterday, $533.9M in inflows were recorded, the third largest historical record, with BlackRock leading with $426M
In the spot market, ETH surpassed BTC in volume for the first time in over a year, driven by ETF and altcoin momentum
Additionally, a firm linked to Trump bought 561 ETH (~$2M), fueling the narrative of institutional adoption and accumulation at key levels
๐ง Technical level of the day
๐ Support: $3,620โ$3,650
๐ Immediate resistance: $3,760โ$3,820
๐ฏ Critical zone: holding above $3,650 allows for a rally towards $3,760+, while closing below $3,620 could trigger a correction towards $3,500.
๐ Institutional outlook / macro view
ETH is transitioning towards its narrative as โdigital gold with yieldโ thanks to its strength in staking, tokenization, and adoption via ETFs. With over $8.7B in inflows in a year, structural buying pressure remains intact
Will you take advantage of this pullback to accumulate ETH near $3,650 or do you prefer to wait for confirmation above $3,760?๐
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