🔥 $ETH maintains the $3,600 despite correction — ETF and institutional accumulation continue to rise
Current price and clear technical structure
Current price: ~$4,242 (according to CoinGecko)
Intraday range: $4,222 – $4,261, with a drop of -1.6% in 24 h
ETH showed a pullback from recent highs, firmly consolidating above its support between $4,220–$4,240.
Key factors
Sustained injection into ETFs: the entry of $533 M yesterday stands out, totaling more than $8.3 B in AUM in two weeks.
Major funds rotate from Bitcoin to Ethereum due to the appeal of yield and staking.
Strong accumulation is observed: large whales and ETFs show preference for ETH in institutional rebalancing.
Technical level of the day
Support: $4,220–$4,240
Resistance: $4,260–$4,300
Critical zone: maintaining above $4,240 could catapult the price towards $4,300+, while falling below $4,220 could imply a correction towards $4,100.
Institutional outlook / macro view
The continuous flow from ETFs and the narrative of “productive gold” for Ethereum consolidate its position as the leading investment altcoin. Sustained demand, along with the clash between limited supply and growing capital, creates a bullish background scenario.
Is this the bottom and do you join now or wait to break above $4,260 to enter? Comment below
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