Ethereum (ETH) has seen a 2% increase in value and has surpassed a key symmetry triangle due to institutional interest in ETH exchange-traded funds (ETFs). Last week, US spot Ethereum ETFs received a record net inflow of $818.8 million, primarily from BlackRock's ETHA and Fidelity's FETH. Grayscale's ETHE also experienced positive flows for the first time, bringing the total net inflows for Ethereum ETFs to $2.27 billion. However, there is concern that rising withdrawals from staking protocols and an increase in Ethereum exchange reserves could potentially halt the bullish momentum. The total amount of staked ETH has decreased by over 490K in the past month, suggesting that investors may be taking profits or losing interest in long-term holding. Tron founder Justin Sun has also applied to withdraw a significant amount of ETH from the staking protocol Lido Finance. Despite these factors, Ethereum has the potential to reach its all-time high resistance at $4,868 if it can surpass its yearly high of $4,093 and establish it as a key support level.



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