$ETH From a technical perspective, the price is fluctuating in the range of $1600 - $1700, with three consecutive small upward candles on the daily chart; however, there is a clear resistance at $1700.

In the short term, the market will mainly fluctuate. Brothers who want to trade can wait for a pullback below $1600 to enter the position.

Regarding capital flow, the situation of Ethereum ETF capital flow is not optimistic. Major institutions like Grayscale ETHE report zero dollar flow, indicating insufficient interest from institutional investors in ETH.