#ETHBreaks3700
ETH reached $3,746, approaching the critical level of $4,000 after hitting a high of $3,848.
ETF inflows reached $3.57 billion in July with a record increase of $602 million in a single day.
ETFs are acquiring 32 times more ETH than new issuance, creating deflationary pressure.
BlackRock's ETHA leads with $2.63 billion in assets under management while awaiting SEC approval for staking.
Technical and Regulatory Outlook
The GENIUS Act indicates greater regulatory maturity for crypto. The MACD confirms strong momentum (73.9% accuracy), while open interest reached $28 billion.
The RSI above 70 suggests caution despite the spot ETF momentum pushing an 82% bullish sentiment.
