Ethereum spot ETF sees record fund inflow, institutions strongly entering the market! But the technical aspect signals a pullback...
On July 22, the inflow of funds into the Ethereum spot ETF reached 533 million USD in a single day, setting a historical third-highest record, with total inflows now exceeding 8.3 billion USD. BlackRock's ETHA attracted over 420 million in a day, greatly increasing market participation.
However, at the same time, the price of Ethereum started to consolidate after hitting 3,845 USD, with RSI reaching 81.6, entering the overbought zone. Spot and derivatives trading volumes have also declined simultaneously, increasing the risk of short-term adjustments.
Why is this worth paying attention to?
ETF inflow surge = institutions continuously increasing their ETH positions
Total value of tokenized assets exceeds 7 billion USD, with ETH accounting for 54%, maintaining a dominant position.
Technical indicators show a slowdown in momentum, and the price may enter consolidation/correction.
Next key levels:
Breaking above 3,850 = Bullish towards 4,000+
If it falls below 3,500, watch for a dip into the 3,250 – 3,100 range.
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Track ETF inflows, tokenization progress, and key support and resistance zones to adjust operational strategies in a timely manner. #CryptoClarityAct #BNBBreaksATH #StablecoinLaw
