Everyone, there is some data worth paying close attention to—this wave of continuous inflows into Ethereum ETFs appears to be retail investors rushing in on the surface, but in reality, it’s already a capital shift among the giants.

**Data speaks:**

A traditional financial giant recorded a single-day net inflow of $14.86 million, bringing their total accumulated to $12.9 billion; meanwhile, an established crypto custody institution is quietly withdrawing, with a single-day outflow of $10.22 million and a total of $5 billion pulled out. This is not just simple buying and selling, but a transfer of power—the old financial forces are strengthening the new mechanisms with real money.

What’s the key? Behind this is a story of "transfer of pricing power." Through ETFs—compliant, stable, long-term tools—traditional capital is redefining the discourse power of crypto assets. The future trend, the data has already provided the answer.

**Technical outlook is struggling:**

Ethereum’s 4-hour chart is currently stuck around 3287, with volume clearly shrinking, but the MACD momentum indicator has already started to turn downward above the zero line—markets are hesitating.

Looking upward, 3400 to 3450 is a resistance zone; without significant positive news, a direct breakthrough is unlikely. Looking downward, 3250 is the first support, with 3200 being a hard bottom. The most critical level right now is 3320—it determines the short-term direction.

**My view:**

If 3320 doesn’t hold, the market is likely to dip first, touching 3250 or even 3200. But don’t rush to exit—this is precisely the window for positioning. Why? Because long-term funds flowing into spot ETFs continue to pour in, and such "big money" won’t change plans due to short-term fluctuations. Positioning at lower levels is the way to stand with the big funds.