Ethereum's price has shown a slight dip over the past 24 hours, with Binance reporting a 1.22% decline and CoinGecko noting a 1.81% drop, settling between $2,478 and $2,555.
Despite the price struggles, there have been consistent inflows into Ethereum-based Spot ETFs, with US-based funds seeing a net inflow of 36,439 ETH valued at $92.19 million on July 4.
The iShares Ethereum Trust and Grayscale's Ethereum Mini Trust were among the funds adding significant amounts of ETH, reflecting ongoing institutional confidence in Ethereum.
Ethereum's price action suggests consolidation around $2,400 support and $2,600 resistance, with technical analysis signaling a wedge pattern that could lead to either a rally to $4,000 or a pullback to $1,750.