Despite experiencing a price decline, Ethereum has seen positive inflows from exchange-traded funds (ETFs) and an increase in staking activity. The daily inflows for Ethereum ETFs have been consistently rising, with the total net assets of these ETFs reaching over $12.1 billion. The BlackRock Ethereum ETF has seen the highest inflows, bringing its total assets to $3.58 billion. Additionally, the number of Ethereum tokens being staked has increased, reaching a cumulative amount of 55.18 million ETH. Analysts are optimistic that the Ethereum price could bounce back, with predictions based on the completion of the fourth section of the Elliot Wave pattern. Technical indicators suggest that if the bounce occurs, the next resistance point for Ethereum is at $3,750.



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