🚀 $ETH skyrockets to $4,664 after record ETF inflows and transaction explosion
Current Price and Technical Structure
Ethereum is trading at $4,663.89, a notable jump after moving between $4,445 and $4,723. The asset consolidated above $4,600, suggesting a bullish breakout within the current channel. It is backed by strong support near the $4,500 threshold.
Key Factors
A record of net inflows into ETH ETFs of $1.01 billion in a single day was registered, boosting institutional liquidity with sustained high inflows.
Network activity also exploded: 1.875 million transactions in 24 hours, a historic level.
Technical Level of the Day
Key support: $4,600 – base of the bullish channel
Immediate resistance: Uncertainty towards the next tops (~$4,725+)
Critical zone to watch: Staying above $4,630 would allow for a move towards $4,800–$4,900, including the psychological level of the all-time high of 2021 (~$4,878)
Institutional / Macro Outlook
The unprecedented flow into ETFs and strong on-chain usage show an increasingly adopted Ethereum by institutional investors as "productive digital gold." The asset is entering a price discovery phase, with expectations of further momentum if players like BlackRock and Fidelity consolidate their positions.
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