Ethereum has seen significant ETF inflows recently, but the price has pulled back from its recent highs. Analysts are now watching closely as the market approaches a critical technical level around $4,400, with potential support in the $4,250 to $4,300 range. While bulls are hopeful for a rally towards $5,000, the current price action suggests caution. This situation is important as it could determine the future trajectory of Ethereum and influence broader market sentiment.

Ethereum's price analysis shows that ETH is currently holding steady around $4,490, following a recent rally fueled by optimism surrounding ETFs. This stability is crucial as bulls aim for a breakout towards $4,800. The market is at a pivotal point, and how it reacts in the coming days could significantly impact investor sentiment and trading strategies. Keeping an eye on these price levels is essential for anyone involved in cryptocurrency.