#PowellRemarks #ETHETFsApproved #ETH is currently trading at 3867.16 USDT, above the key short-term support zone near 3700 USDT, but recent volatility and capital outflows suggest the level could be tested soon.

Institutional interest (e.g., BlackRock’s $46.9M ETH purchase) supports medium-term bullish potential despite recent ETF outflows.

Broader market sentiment is cautious (Fear-Greed Index at 22), but BTC stability and Solana's strong momentum could provide indirect support to ETH if risk appetite returns.