ETH ETF net inflows last week (4.20-4.24) were approximately $155 million, continuing the trend of sustained net inflows for several weeks.


On April 22nd, there was also a single-day inflow close to $100 million.
This consecutive 10-day net inflow period is also considered relatively long since the ETF's launch.

ETH's decline starting from 2464.9 (blue zone) looks more like a converging structure, somewhat like a triangle correction.
If it follows this pattern, there is a chance to complete the triangle and then move upward.

The decline from 2464.9 can be understood as a correction to the rise from 1938.8 to 2464.9 (orange zone).
After the correction ends, ETH is likely to see another upward move at the same level as the orange zone, with key resistance at the green Gann angle line at 2533.

If it breaks below 2250, this triangle structure will essentially be invalidated, indicating that the move starting from 2464.9 is no longer a converging correction, but may enter a larger correction or even initiate a new downtrend.
Support at this level is very critical.
ETH-3.29%
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