Ethereum (ETH) has shown a seemingly calm price performance recently, but there are noteworthy movements behind the market. Although the price of ETH has been fluctuating within a certain range, the inflow of capital into spot ETFs has seen a significant increase, with this week's inflow reaching $206 million, which is four times more than last week. This phenomenon suggests that institutional investors may be quietly positioning themselves.

At the same time, the Smart Money Index (SMI) rose by 1%, further confirming the view that large funds are accumulating. Experienced market participants seem to be preparing for a potential market movement in July, waiting for an opportunity for a breakthrough.

From a technical analysis perspective, the main resistance levels currently facing ETH are at $2,569 and $2,745, while $2,185 serves as a strong support level. These price points will be key levels closely monitored by investors.

It is worth noting that there have been signs of easing in the situation in the Middle East recently, leading to a retreat in market risk aversion. This change in the macro environment provides some support for the price trend of ETH.

Although the current market appears calm on the surface, signs of underlying turbulence have already emerged. Investors need to remain vigilant and closely monitor changes in various market indicators and macro factors to seize potential investment opportunities in a timely manner.