Ethereum tops $3,300 as spot ETH ETF inflows hit record high

At around 79, the relative strength index indicates that the market is overbought. Additionally, other indicators, like the Commodity Channel Index, are flashing red, indicating that short-term traders might begin to take profits.

Still, the broader structure remains constructive. Strong bullish trends are confirmed by moving averages that are still trending upward over the majority of timeframes. Although momentum might slow, institutional flows and corporate buying provide underlying support, which suggests any correction may be temporary.

ETH may attempt to test the $3,500 mark next if inflows hold or pick up speed. On the other hand, as overbought signals intensify, failure to maintain above the $3,300 zone may result in another round of consolidation.