#Ethereum

ETH trading at $4,621.30 with $48.4B daily volume and $557.7B market cap

• Price consolidating between $4,550-$4,750, approaching critical $4,800 resistance

• ETH/BTC ratio near yearly highs, indicating altcoin strength against Bitcoin

• 72.76% long positions reflect strong bullish sentiment in the market

Institutional Adoption Driving Price Action

• Massive $638M net ETF inflows (Sept 8-12), with Fidelity's FETH attracting $381M

• Three institutional whales purchased $205M via FalconX, showing strategic positioning

• SEC's approval of Grayscale's Ethereum fund enhances institutional accessibility

• Kiln's exit from validators post-SwissBorg exploit introduces minor security concerns