$ETH 🤡
Spot ETFs flipped net positive yesterday with $82M in inflows.
The 2,343 support held perfectly, triggering a clean bounce off the range low.
But the 2,546 level has rejected price twice already — that's the real battle.
Spot Allocation 💥 $ETH
4H Key Levels
C: 2,512.35
R: 2,546.78
S: 2,343.34
Accumulation Zone: 2,400 – 2,460
T1: 2,579.84
T2: 2,650.00
T3: 2,750.00
The 2,546 level is the real hurdle.
ETH gained roughly $170 from its 2,343 low to reach 2,512, with 24-hour volume surging to 731,502 $ETH ($1.78B). The spot ETF narrative is back in focus after BlackRock led $82M in net inflows yesterday — that's the first significant positive flow in nearly two weeks. Meanwhile, the SEC's ETF options decision is expected by August 26, which could introduce new institutional demand if approved.
If the 2,546 resistance gets cleared, the next area of interest sits around 2,579. A break above that could open the door to 2,650. Losing 2,460 would put the 2,343 support back in play, and a break below that could accelerate toward 2,288. With the ETF options decision looming and the Pectra upgrade still on the roadmap, the volatility potential here is worth paying attention to.
Is the ETF options decision the catalyst you're watching, or does the technical structure matter more right now?
Spot ETFs flipped net positive yesterday with $82M in inflows.
The 2,343 support held perfectly, triggering a clean bounce off the range low.
But the 2,546 level has rejected price twice already — that's the real battle.
Spot Allocation 💥 $ETH
4H Key Levels
C: 2,512.35
R: 2,546.78
S: 2,343.34
Accumulation Zone: 2,400 – 2,460
T1: 2,579.84
T2: 2,650.00
T3: 2,750.00
The 2,546 level is the real hurdle.
ETH gained roughly $170 from its 2,343 low to reach 2,512, with 24-hour volume surging to 731,502 $ETH ($1.78B). The spot ETF narrative is back in focus after BlackRock led $82M in net inflows yesterday — that's the first significant positive flow in nearly two weeks. Meanwhile, the SEC's ETF options decision is expected by August 26, which could introduce new institutional demand if approved.
If the 2,546 resistance gets cleared, the next area of interest sits around 2,579. A break above that could open the door to 2,650. Losing 2,460 would put the 2,343 support back in play, and a break below that could accelerate toward 2,288. With the ETF options decision looming and the Pectra upgrade still on the roadmap, the volatility potential here is worth paying attention to.
Is the ETF options decision the catalyst you're watching, or does the technical structure matter more right now?