Fast Take
- Flows: Recent sessions show ETH ETF **inflows outpacing BTC**, signaling institutional rotation.
- Structure: Price tagged prior breakout liquidity, holding a higher-low regime.
- On-chain: Staking + L2 activity remain robust—usage didn’t break with price.
ETH Price — Last 30 Days (Yahoo Finance)

- ~10% one-day flush reset leverage and funding.
- Recovered into a higher-low structure—trend still constructive.
- Typical crypto pattern: shakeout → base → grind higher.
3-Month Outlook (Not Financial Advice)
- Base case: Range build then grind higher; buy red into support.
- Bull case: Flows accelerate → push through prior swing highs.
- Risk case: Macro/rules shock; invalidate below key shelf → reassess.
Disclaimer: Educational commentary only. Crypto is volatile; do your own research.