🔥 $ETH remains above $3,630 after institutional record and inflows of $533M in one day
📊 Current price and clear technical structure
Ethereum is trading around $3,630.05 USD according to YCharts data from this afternoon's close. After reaching peaks above $3,750 and generating an intraday high of $3,770, ETH begins a consolidation within a short-medium term bullish channel, alongside a moderate pullback from the seven-month historical resistance.
⚙️ Key factors
Spot Ethereum ETFs captured $5.43B in inflows during July, their strongest month — only surpassed by combined crypto ETFs.
A streak of 13 consecutive days with net inflows was extended (today it was $533.87M) thanks to the leadership of BlackRock and Fidelity.
The supply on exchanges is historically low (Exchange Supply Ratio ~0.145), indicating scarcity to sell and greater bullish pressure.
On-chain volume and transactions average 1.47M/day, surpassing the annual average; a symptom of solid accumulation.
🔧 Technical levels of the day
Level Price
Key support $3,600 – $3,640 (channel average)
Immediate resistance $3,760 – $3,820 (pivot + SMA)
Critical zone Staying above $3,640 opens the way to $3,900 – $4,000; falling below $3,600 could challenge $3,500
🌐 Institutional outlook / macro view
PNC, BlackRock, and others continue to bet heavily on Ethereum as a yield-bearing reserve asset. With ETFs in hand and institutional nodes, ETH represents real scarcity combined with increasing utility. Analysts like those from Bitwise already anticipate that demand could exceed supply by 7x this year if treasury deposits continue.
This narrative revolves around the concept: yield + capital appreciation = structural asset for 2026.
Will you take advantage of this level of $3,630 to enter or are you waiting for confirmation above $3,820? Comment below 👇
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