🚀 $ETH exceeds $3,700 thanks to record inflows and whale purchases
📊 Current price and clear technical structure
Current price: approximately $3,630.05
Intraday range: between $3,500 and $3,770
After a correction of -3% on Wednesday, ETH rebounded and remained solid above $3,600 thanks to momentum from critical institutional flows.
⚙️ Key factors
Ethereum ETFs recorded net inflows of $453M today, extending the streak to 16 consecutive days and bringing AUM to $20.66B.
BlackRock's ETHA ETF led with $440M of the total, capturing 97% of the day's flow.
A whale linked to DeFiance Capital bought 30,366 ETH (~$114M) in a single wallet in the last 28 hours.
Open interest in Ethereum futures reached a record $7.85B, reflecting relevant institutional positioning.
🔧 Technical level of the day
Key support: $3,600–$3,630 (recent lows + channel base)
Immediate resistance: $3,760–$3,820 (intraday highs and critical zone)
Decision zone: closing above $3,630–$3,650 would maintain room to revalidate towards $3,820+, while closing below $3,600 could open the way for a correction towards $3,500.
🌐 Institutional outlook / macro view
The acceleration of flows into ETFs (over $20B in assets), along with massive on-chain purchases, reaffirms the narrative of ETH as 'digital gold with yield'. Institutional pressure far exceeds annual supply, creating a sustained bullish imbalance.
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