🔥 $ETH drops to ~$3,880 after +$9.3 B in monthly inflows – buy or take profits?
📊 Current price and technical structure
Ethereum is trading around $3,820–$3,860, after registering high daily volatility between the ranges of $3,700 and $3,880. The slight correction from recent highs has not compromised the overall bullish structure; the technical support at $3,700–$3,720 remains intact.
⚙️ Key factors
ETH spot ETFs have accumulated +$9.3 B so far in July (a 120% increase) with $1.9 B recently invested, where BlackRock's ETHA captures 84%.
Record inflows: the highest single-day record reached $727 M in inflows in one day and over $3 B in a single week, generating fears of supply shock.
Growing institutional dynamism: loans and large movements like Lomashuk’s (85 M USDT via Aave) indicate professional accumulation.
🔧 Technical level of the day
Technical support: $3,700–$3,720
Immediate resistance: $3,880–$3,900
Critical zone: closing above $3,720 keeps the structure intact; breaking above $3,880 would open the way to $3,950–$4,200.
🌐 Institutional outlook / macro vision
ETH is already absorbing more capital from ETFs than it produces from annual issuance (7×), an unsustainable dynamic without technical disruption or regulation. New highs are projected if the trend continues. The institutional narrative (staking, stablecoins, regulatory frameworks like the GENIUS Act) reinforces this momentum.
Will you take the opportunity today to add ETH near $3,800 or wait for confirmation above $3,880 to enter?👇
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