$ETH holds at $3,500 despite correction — institutional accumulation remains alive
📊 Current price and technical structure
ETH Price: $3,496.47 (Bid on CoinDesk this morning)
Daily range: $3,350 – $3,517
In the 4H chart, ETH remains close to the lower support of the bullish channel, core of a potential pullback if the zone of $3,460–$3,500 is lost.
⚙️ Key factors
ETH ETFs (BlackRock, Fidelity, Grayscale) entered more than 11,243 ETH ($28.8 million USD) in the last session (9 ETFs net inflow), led by ETHA with +6,053 ETH (~$15.5M) .
Meanwhile, in the last week ETH surpassed BTC as the favorite among ETF inflows, receiving $219 million, although ETH remains below the record of $296 M from last week .
On-chain: Ethereum executes 1.62M daily transactions, a 73% increase in three months and a 12-month high thanks to L2 networks like Base and Arbitrum .
SharpLink bought 15,822 ETH ($1.65B USD)** in recent days .
🔧 Technical levels of the day
Technical support: $3,460 – $3,500
Immediate resistance: $3,520 – $3,550
Critical zone: closing above $3,500–$3,510 clears the path to $3,650 – $3,700; a drop below could lead to $3,400 – $3,350
🌐 Institutional / macroeconomic outlook
In the recent ETF season, ETH has attracted more attention than BTC thanks to its utility in staking, asset tokenization, and growing DeFi strength. In this environment, ETH is positioned as a long-term investment supported by macro regulatory data such as the GENIUS Act in the U.S. .
The accumulation by large entities like SharpLink and the sustained growth in volume continue to filter ETH from exchanges, reinforcing the narrative of institutional scarcity.
Do you think this pause at $3,500 is the typical “buy the dip”? Comment “🔼 I want ETH” or “⚠️ I’m waiting for a signal”.
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