The big pancake is currently consolidating. The intraday high reached 81,273, and the 80,000 integer level has shifted from being a pressure point to becoming a tug-of-war zone for both bulls and bears. If the price can reclaim and hold above 80,000, then later it can continue to be watched toward 81,200 to 82,000. If it still can’t recapture 80,000, then the downside first to watch is 79,000; after a break, the key levels to focus on are 78,500 and 77,000. ETF inflows for spot remain supportive of the trend, but high-level inflows shouldn’t be interpreted as meaning you can chase every bullish candle. Real strength should show up as shallow pullbacks with support holding intact—not being pushed higher nonstop purely on sentiment.

Ethereum is trading around 2,480. The intraday high was 2,533, and the price still hasn’t fully escaped the repeated back-and-forth around the 2,500 area. 2,450 is the most recent consolidation/absorption level. As long as it holds, the price can continue to test 2,530; only with a true breakout above 2,530 is there a chance to look toward 2,600. If 2,450 breaks, then 2,400 will become the next key support level. ETH ETF capital has continued to see net inflows, indicating that spot buying hasn’t withdrawn, but it currently looks more like a steady repair rather than a one-way acceleration. In the short term, it still depends on whether BTC can hold above 80,000.