🔥 $ETH drops to $4,475 after correction; but institutional flow remains strong
Current price and technical structure
Current price: $4,474.95
Intraday range: $4,379.74 – $4,663.20
ETH shows a drop of ~3% from its intraday high, consolidating within the upward channel it has maintained for several weeks.
Key factors
In recent weeks, ETH ETFs have accumulated billions in AUM, reflecting ongoing institutional appetite
The drop appears to have been driven by partial selling and profit-taking after the rally that brought ETH close to record levels.
Analysts point out that the regulatory context (such as the GENIUS Act), staking adoption, and network improvements support an optimistic medium-term outlook.
Technical level of the day
Support: $4,400 – $4,450 (intraday low and key EMA)
Resistance: $4,660 – $4,700
Key zone: If ETH manages to stay above $4,450, it could stabilize to attempt to resume the rally toward $4,700+. Conversely, a firm drop below $4,400 could open room toward $4,200.
Institutional outlook / macro view
The current correction is perceived as healthy in a market where institutional momentum remains intact, as reflected by flows into ETFs and corporate wallets. In the long term, with more aligned financial infrastructure and protocol optimization, Ethereum could consolidate a base for new highs.
Will you buy this bounce of $ETH or wait for confirmation signals above $4,600? Cast your vote: 👍 Yes, 👎 No
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