🔥 $ETH corrects to $4,196 but ETFs continue to drive their institutional strength
Current price and clear technical structure
Ethereum is trading at $4,196.27, with an intraday range between $4,183 and $4,385. Despite the correction, it remains above crucial support near $4,150–$4,200, consolidating within its recent upward channel with high volume.
Key factors
In the last week, Ethereum ETFs accumulated 649,000 ETH in net inflows, the highest figure since their launch.
Although today $197M in outflows from these ETFs were recorded (the second largest daily drop so far), this has not halted institutional momentum.
Analysts like Tom Lee from Bitmine foresee a slight pullback to $4,075–$4,150, followed by a possible rally towards $5,100.
Technical level of the day
Key support: $4,150–$4,200
Immediate resistance: $4,385–$4,400
Critical zone: Staying above $4,200 could pave the way for a rebound towards $4,400, while losing that floor could reshape the target towards $4,075.
Institutional outlook / macro vision
With Ethereum ETFs surpassing Bitcoin’s in recent net inflows, ETH is positioned as the leading asset within cryptocurrencies with strong institutional backing.
Do you consider this pullback an opportunity to buy or do you see the risk of a further correction towards $4,100? Comment below! 👇
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