🚀 $ETH corrects to $3,630, but record flows maintain institutional firmness
Current Price and Technical Structure
Ethereum trades at $3,630.05, after reaching an intraday high of $3,770.91 and a low of $3,509.40. Today it shows technical weakness as it retreats from resistance, although it remains within the bullish channel since mid-month.
Key Factors
ETH ETFs accumulated about $4,000M in two weeks, boosting the narrative of massive institutional adoption.
The NFT market exceeds $9.3B, with Ethereum directly benefiting from the increased use in digital art.
Technical predictions indicate that ETH could seek the range of $4,700–$4,800 in the next 7 days if it maintains momentum.
Technical Level of the Day
Key support: $3,600–$3,650
Resistance: $3,770–$3,800
Critical zone: closing above $3,650 signals a recovery towards $3,770+; falling below $3,600 opens the way for a correction towards $3,500.
Institutional / Macro Outlook
Ethereum is in an optimistic consolidation phase supported by ETFs, expansion of the NFT ecosystem, and intact technical signals. Favorable regulatory infrastructure and demand for staking consolidate its narrative as “productive digital gold.”
Will you buy $ETH now around $3,600 or wait for an upward confirmation before entering? Comment below 👇
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