โ ๏ธ Ethereum Drops While Bullish Sentiment & ETF Inflows Climb
ETH price slips 3% Friday โ but institutional confidence is still soaring.
๐ฅ Big Money Moves In:
โข $148.5M inflow to spot ETH ETFs on Thursday
โข ๐ข 8-week inflow streak approaching $2B total
โข 2nd-highest daily inflow since February
โข ETFs benefit from regulatory optimism + ETH treasury adoption
๐๏ธ Adoption & Legislation Driving Hype:
โข Robinhood launches tokenized equities on Arbitrum
โข BitMine & SharpLink shift to ETH-based treasuries
โข Congress debates GENIUS stablecoin bill July 14
๐ฎ Market Betting Bullish:
โข 80% of ETH call OI above $3K
โข 30% targets over $3.5K
โข Options market pricing in breakout potential
๐ But Charts Flash Warning Signs:
โข ETH hit with $56.8M in liquidations, mostly longs
โข Weekly SMA rejected near $2,600
โข โ ๏ธ Death Cross Risk โ Potential drop to $1,750 (โ35% drawdown)
๐ก Sentiment is high. Price says otherwise. Watch key supports & ETF flows closely.
#ETH #EthereumFuture #EthereumETFApprovalExpectations #TrumpVsMusk $ETH $BTC
