The ETF Effect: $23M Inflows Keep Ethereum Bullish
Despite the "quiet" retail sentiment, institutions are quietly stacking. Spot Ethereum ETFs recorded $23.4 million in net inflows yesterday. This tells us one thing: the "Big Money" is buying the consolidation. Ethereum holding firm above $2,300 is a very bullish sign for the mid-term. When the retail crowd finally wakes up, the entry price might be much higher. Institutional adoption is the floor that prevents the crash. Are you watching the ETF flows, or just the price ticker?
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References: Farside Investors ETF Tracker, Grayscale Holdings Update.