🔥 $ETH close to $3,600 after correction, but institutional flows remain on fire
Current price and clear technical structure
Ethereum is trading at approximately $3,600, consolidating after hitting a high close to $3,800 and continuing within a compressed bullish structure between $3,665 and $3,790. Technically, it seems that a volatility trend reversal inflection point is approaching.
Key factors
Ethereum ETFs accumulated $5.43 billion in net inflows just in July, a record since their inception. This represents a 369% increase compared to June.
In a single day, the ETFs received $533.87 million in net inflows, demonstrating sustained strength in demand.
Comparatively, Ethereum has even outperformed Bitcoin in institutional capture this month, consolidating its position as a strong asset in the crypto ecosystem.
Technical level of the day
Strong support: $3,600
Key resistance: $3,780–$3,820
Critical zone: Staying above $3,600 could catapult the price towards $3,820+. Otherwise, a correction towards $3,500 is not ruled out.
Institutional / macro outlook
The investor momentum towards ETH continues to consolidate as the dominant market narrative. Its role in DeFi, tokenization, and staking makes it a key player in institutional adoption in cryptocurrencies.
Would you buy $ETH at this point of consolidation or would you wait for a firm close above $3,780? Share your thoughts below 👇
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