On-chain and historical data show ETH has fluctuated in the range of ~$3,900 to ~$4,300 this month. 

• A recent strong bounce above ~$4,200 was reported, indicating renewed momentum. 

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✅ Key Drivers

• Institutional flows & ETFs: ETH is seeing growing institutional interest. One report notes zero net outflows across active ETH spot-ETFs and ~$134 million inflows recently, supporting a push toward higher levels. 

• Technical/resistance structure: ETH’s next meaningful resistance zone is around ~$4,150-$4,250. A clean breakout there could open a move toward ~$4,500+ per some models. Market cap: over US $100 billion+ and circulating supply around ~550 million SOL. 

• Recent trading activity: price slipping below the key US $200 level, consolidation around the ~US $190-US $200 range. 

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✅ Key Catalysts & Strengths

1. Institutional & regulatory developments:

• The CME Group launched options on SOL futures, marking deeper institutional access. 

• A staking ETF for SOL (Bitwise Solana Staking ETF (BSOL)) began trading with significant first-day volume (~US $55 million) and ~US $217 million AUM.