The spot ETF funds have seen a continuous inflow for 14 days, accumulating over $800 million, with BlackRock's ETHA fund leading the way, injecting $34.7 million in a single day. The total assets of ETFs are approaching the $10 billion mark! Institutions are fully engaged, revealing their strong confidence in the future of ETH.
Although ETH's price has slightly retraced by 6% in the past two weeks, funds continue to flow in, indicating that bullish positioning remains unchanged, with hidden explosive potential! The technical indicators are also favorable, with daily chart flag patterns indicating a buildup, and the 50-day and 200-day moving averages confirming an upward trend with a 'golden cross'. The RSI indicator shows strong buying signals lurking.