#Eth

Trade now . . bearish sentiment 🙏

𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣: 𝙀𝙏𝙃 𝙂𝙖𝙞𝙣𝙨 4% 𝙏𝙝𝙞𝙨 𝙒𝙚𝙚𝙠, 𝙔𝙚𝙩 𝙂𝙤𝙡𝙙𝙚𝙣 𝘾𝙧𝙤𝙨𝙨 𝙁𝙡𝙤𝙥𝙨 – 𝙄𝙨 $3,000 𝙊𝙪𝙩 𝙤𝙛 𝙍𝙚𝙖𝙘𝙝?

Ethereum is attracting significant institutional capital, despite its price struggling to gain traction above $2,600. According to the latest data, U.S.-listed spot Ethereum ETFs have logged $148.57 million in net inflows in a single day, the second-highest since February.

With the 8-week inflow total nearing $2 billion, market confidence in Ethereum’s long-term value appears to be growing.

Public companies are joining the Ethereum party. SharpLink Gaming is now the largest publicly listed holder of Ethereum, and BitMine has shifted its focus to ETH. And Robinhood has just launched tokenised US stocks on Arbitrum, an Ethereum Layer 2. More real-world use cases for Ethereum.

Key institutional catalysts:

$2B+ ETF inflows over 8 weeks.

Robinhood launches tokenised stocks on Ethereum.

Public firms accumulate ETH as a treasury asset.

Derivatives markets reflect this optimism: 80% of ETH call options for July expiry target prices above $3,000, with 30% aiming past $3,500. However, price action remains undecided.

Despite the bullish fundamentals, Ethereum’s technicals show warning signs. ETH failed to sustain above $2,600 and now hovers around $2,520.

On the weekly chart, the 50-SMA is nearing a cross below the 100-SMA—a “death cross” that historically triggers declines of up to 35%. That could send ETH toward the $1,750 support level if confirmed.

Still, not all signals are bearish. Ethereum is currently testing the base of a rising parallel channel near $2,474. On lower timeframes, the asset is printing higher highs and higher lows—a bullish structure that remains intact as long as $2,474 holds.Additionally, a multi-year symmetrical pennant is developing, with Ethereum now in wave D of the pattern.