ETH Price Forms Bullish Pattern Ahead of Glamsterdam Upgrade

Ethereum has recently stalled in its price rally, but technicians are watching for potential trend continuation as it forms a bullish flag pattern.

The coin's recent stagnation is accompanied by ETF inflows that have jumped to $1.76 billion this month alone, the best monthly performance since August last year when investors added $3.4 billion in inflows.

These cumulative inflows bring the total net assets of these funds to over $15 billion, and they coincide with rising Ethereum staking, which has reached a 35.2% ratio with over 42.5 million tokens staked.