- Ethereum ETF inflows hit $860M in June, signaling strong institutional accumulation momentum.
- ETH trades in a tight $2,400–$2,700 range as breakout pressure builds near Creek resistance.
- Key breakout level is $2,743, while RSI and MACD show mixed momentum signals in the short term.
ETH ETF inflows have recorded nine straight weeks of growth, with billions entering Ethereum markets. The strong accumulation phase appears to be nearing its end as institutional investors continue to rotate capital into Ethereum. ETH is currently trading at $2,519.41, holding above key support zones amid growing technical pressure.
Institutional Inflows Support Ethereum’s Strength
Ethereum has recorded $860 million in spot ETF inflows in June so far. According to SoSoValue, a net inflow of $19 million was registered on June 17, following a $240 million inflow on June 11. Analysts are monitoring this trend as a sign of increasing institutional confidence in Ethereum.
Large wallet holders are also adding ETH. According to data from Glassnode, whale addresses holding 1,000 to 10,000 ETH have collectively accumulated more than 14.3 million ETH as of June 16. The same data shows that over 871,000 ETH was added on June 12 alone, which supports the broader accumulation narrative.
Merlijn The Trader commented that Ethereum “now sits at the Creek resistance level,” referencing the Wyckoff model. This stage typically precedes a breakout, suggesting buyers are positioning for a move. CryptoRank noted that current accumulation levels have not been seen since 2017.
Ethereum Trades in Tight Range, Technical Setup Builds
Ethereum has traded between $2,400 and $2,700 in recent days, with no breakout yet confirmed. According to DaanCrypto, “When the breakout occurs, the momentum tends to be explosive.” He also pointed to strong absorption of price wicks on both sides of the candles as a key feature.
Technical indicators show mixed signals. The daily MACD is nearing the zero line, suggesting a rise in selling pressure. However, the RSI remains flat near 47, signaling indecision. Support at $2,395 remains intact, and a daily close above $2,743 could open a path to $3,000.
