#OrderTypes101 a consolidation phase.

๐Ÿ” **Key Developments Influencing ETH:**

Institutional Investment Surge: A wallet associated with Consensys made a significant purchase of over 100,000 ETH (approximately $320 million), with $120 million staked via Liquid Collective. This move underscores strong institutional confidence in Ethereum's Proof-of-Stake mechanism.

ETF Inflows: BlackRock's iShares Ethereum ETF reported an inflow of 27,846 ETH (around $73 million), contributing to a total of 22,029 ETH ($57.91 million) across nine Ethereum ETFs. This marks the 13th consecutive day of net inflows, highlighting sustained institutional interest.

Technical Indicators: Ethereum is forming an ascending triangle pattern, a bullish signal suggesting a potential breakout. A decisive move above the $2,800 resistance level could propel ETH towards $3,760 in the near term.

๐Ÿ“Š Order Types Strategy โ€“ #OrderTypes101

In this consolidating market, traders might consider the following order types:

Limit Orders: Ideal for entering positions at desired price points, especially near support levels.

Stop-Limit Orders: Useful for setting entry or exit points once a specific price threshold is reached, helping manage risk during potential breakouts.