Despite Ether dipping below the $3,700 mark, net inflows into spot Ethereum ETFs reached $533.9 million yesterday, the third-largest daily inflow since their launch.

According to SoSoValue, the iShares Ethereum Trust (ETHA) by BlackRock recorded $426.2 million in net inflows on Tuesday, while Grayscale's Ethereum Mini Trust attracted $72.6 million. Fidelity's ETF also pulled in $35 million.

Yesterday's ETF inflows marked the third-highest one-day result since inception, behind only the $726.7 million recorded last Wednesday and $602 million last Thursday.

The rise in ETF inflows reflects growing investor interest in Ether. It signals a transition of the crypto market into a new phase of maturity, where institutional players are playing an increasingly prominent role. However, it is worth noting that ETF inflows are just one indicator and should not be viewed in isolation. The heightened interest in Ethereum is particularly linked to the rise of DeFi, where Ethereum serves as a key platform. Investors are recognizing the potential of these innovative technologies and seeking exposure through regulated and convenient instruments like ETFs. This, in turn, creates additional demand for Ether and helps support its price.

Looking ahead, continued development of ETF infrastructure and other institutional-grade tools could attract even more investors to the crypto market. This could lead to reduced volatility and improved liquidity, making Ether and other cryptocurrencies more appealing to a broader range of investors. Still, it is important to remember that the crypto market remains relatively young and unpredictable, requiring a cautious and well-informed approach.

LVRG Research believes that institutional investors remain optimistic about Ethereum, as spot ETF inflows reach record levels. They argue that reserve strategies for digital assets now offer a second opportunity for investors who missed the Bitcoin rally. It is therefore not surprising that Ethereum has become a popular asset for companies adopting crypto-based savings strategies.

Trading recommendations:

Buyers of BTC are currently targeting a return to the $119,200 level, which opens a clear path toward $120,700, and from there, just a short step to $123,500. The furthest target is the high near $124,500. Breaking above it would confirm a strengthening bull market. In case of a decline, buyers are expected at $117,600. A return below this area could quickly drag BTC down to $116,300. The furthest bearish target is the $114,900 zone.

Ethereum technical outlook:A clear breakout above the $3,729 level paves the way toward $3,817. The ultimate bullish target is the high around $3,913. Surpassing it would indicate renewed buying interest. If Ether drops, buyers are expected near $3,654. A move below this area could send ETH down toward $3,589. The furthest bearish target is the $3,512 zone.

What is on the chart:

• Red lines: Support and resistance levels, expected to act as zones of price slowdown or acceleration.
• Green line: 50-day moving average.
• Blue line: 100-day moving average.
• Lime line: 200-day moving average.

Price crossing or testing moving averages often signals a market pause or a new impulse.