🔥 $ETH drops to $4,454 despite record ETF influx: a breather before the next push?

Current price and clear technical structure

Ethereum is trading at $4,454, after an intraday range between $4,449 and $4,663. The price reflects a moderate correction after reaching a weekly high, while remaining within a key technical support zone.

Key factors

Spot Ethereum ETFs recorded net inflows of $729.1M in a single day, the second highest figure recorded so far.

In August alone, more than $3 billion in inflows have accumulated, helping to raise the assets under management of these ETFs to new all-time highs.

BlackRock's ETHA fund leads the inflows, with over $640M in entries this month.

Technical level of the day

Support: $4,400–$4,450 (key accumulation zone)

Resistance: $4,650–$4,700 (intraday high)

Critical zone: Staying above $4,450 paves the way for a new attempt towards $4,700+

Institutional outlook / macro view

Institutional demand remains strong: the steady and growing flow into ETFs, along with the consolidation of staking as a key investment component in ETH, point to robust structural support for the token. Despite the technical correction, the supply-demand imbalance remains clearly favorable.

Will you buy this dip below $4,450 or do you prefer to wait for a confirmation of a bounce towards $4,650? Comment your strategy

Receive precise analysis and instant alerts:

#Ethereum #ETH #CryptoTrading #Altseason #InstitutionalCrypto