🔥 $ETH remains steady near $4,406 despite slight correction—institutions continue to push
Current price and clear technical structure
Ethereum is trading at $4,406, with an intraday range between $4,379 and $4,490. The correction is minimal (-1.25%), and the price remains within the medium-term bullish channel, with support around $4,350 and immediate resistance above $4,480–$4,500.
Key factors
Record flows into ETH ETFs: Spot ETFs recorded $639.6M in inflows, extending the streak to 8 consecutive days and totaling approximately $3.7B in that period.
Massive unlocking of pending ETH: The unstaking queue reached $3.8B, led by Lido, EthFi, and Coinbase, signaling possible selling pressure if widely executed.
Supply on exchanges decreases: Only 12% of the total ETH supply is on exchanges, which could create technical scarcity if demand remains.
Technical level of the day
Support: $4,350–$4,400
Resistance: $4,480–$4,500
Critical zone: staying above $4,400 opens the way towards $4,600+, while a drop below that level could suggest a correction towards $4,300.
Institutional outlook / macro view
Institutional hype remains intact: ETFs consistently drag capital to ETH while tight supply persists on exchanges. Added to this is the favorable technical structure and record flows, suggesting that ETH could test new highs if accumulation continues.
Will you bet on $ETH as it prepares to break $4,500 or wait for a technical correction? Share your strategy below!
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