$ETH $ETH is currently trading around $1,788.85, reflecting a modest gain over the past 24 hours. This upward movement is supported by several factors:

• Technical Indicators: ETH has reclaimed key support levels, notably the $1,750 mark, and is approaching the $1,800 resistance zone. Analysts suggest that breaking above this level could pave the way for further gains . 

• Institutional Inflows: Ethereum ETFs have recorded their first weekly net inflows since February, totaling $157.1 million. This influx of institutional investment indicates renewed confidence in ETH’s short-term prospects . 

• Market Sentiment: The Fear & Greed Index is currently at 60 (Greed), suggesting a positive market sentiment. Additionally, technical analyses point to a bullish outlook, with key indicators like the 50-day moving average remaining above the 200-day moving average .  

However, it’s important to note that while the short-term outlook appears bullish, Ethereum’s price remains influenced by broader market dynamics, including Bitcoin’s performance and macroeconomic factors. Traders should monitor these variables closely.