$ETH jumps +7% in hours and nears $3,836 – rising institutional pressure
Current Price and Technical Structure
Current price: approximately $3,836 (up 7% since yesterday)
Daily range: from $3,575 to $3,836, maintaining the upward trend intact, now struggling to consolidate above $3,800.
Key Factors
Ethereum ETFs received $533.8M in net inflows, totaling $3.63B in the last 13 days, with BlackRock leading with $426M. This propelled the price of ETH to rise 10% this week.
The AUM of the ETFs surpassed $10B, equivalent to 4% of ETH's total market cap.
Massive institutional inflows continue to define Ethereum's momentum.
Technical Levels of the Day
Key support: $3,760 – $3,800
Immediate resistance: $3,900 – $4,000
Critical zone: consolidating above $3,800 could pave the way to $4K, while pullbacks from here could test support at $3,760.
Macro / Institutional Outlook
Institutional capital continues to flow strongly into ETH, reinforcing its narrative as “digital gold with yield,” thanks to ETFs and the interest of major players. Demand pressure far exceeds supply, favoring a strong upward trend.
Do you see $ETH surpassing $4,000 tonight or do you expect a forced technical pullback? Comment below 👇
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