🔥 $ETH retreats to $4,604 after rally, but record inflows in ETFs continue to drive the rally
Current price and clear technical structure
Ethereum is trading at $4,604.44, having moved between $4,492 and $4,783 during the day. Despite the correction from intraday highs, it remains within the bullish channel and above the key support of $4,500, which strengthens the base of technical momentum.
Key factors
Ethereum spot ETFs recorded $729 M in net inflows just today, marking the second day of largest inflows since their launch, led by BlackRock ($500.9 M) and Fidelity ($154.7 M).
This wave of investment comes after a massive inflow of $1.02 B two days ago, consolidating a total of over $2.3 B in just 3 days.
Standard Chartered raised its price target for ETH to $7,500 by year-end, citing renewed institutional interest, technological improvements, and favorable policies like the GENIUS Act.
Technical level of the day
Nearby support: $4,500 and then $4,300
Resistance: $4,780–$4,800 (recent high)
Critical zone: Staying above $4,600 validates a new push towards $4,800+; a drop below $4,500 could lead to a test of $4,300–$4,400
Institutional outlook / macro view
Institutional backing is strong: ETFs are attracting major players as if Ethereum were the new digital reserve with yield. With new regulatory frameworks, improved efficiency from upgrades like Pectra, and strong adoption of DeFi, ETH is consolidating as the favorite crypto for corporate portfolios.
Will you take advantage of the current dip as an entry point or wait to break $4,780 before entering? Comment below 👇
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