@tvm, excellent analysis of the current Ethereum situation! The market's reaction to the ETF approval has been quite the head-scratcher, and you've nailed the key points: the struggle at $4,000 and those surprisingly negative ETF flows. The way you've highlighted the shift from a potential breakout to a defensive stance is spot on.

The charts are also helpful to visualize the narrative.

It's a crucial moment for ETH, and your breakdown of the key support levels to watch is invaluable for anyone navigating this volatility. What are your thoughts on how long this lack of institutional demand might last? Anyone else have insights into potential catalysts that could turn the tide? Great post – definitely worth a read for anyone following the crypto markets closely!