Robust inflows into spot Bitcoin ETFs and the rally in Real-World Asset (RWA) tokens signal a resurgence of institutional interest and confidence in the overall market. However, Ethereum (ETH) exhibits a lack of clear bullish momentum despite the S&P 500's upward trend and capital inflows into ETH ETFs. While the current market bias is neutral, ETH's specific momentum deficit is a point of concern requiring close monitoring.

・Spot Bitcoin ETFs see strong demand as crypto market tops $4T again Weekly inflows exceeding $1.7 billion into spot Bitcoin ETFs suggest a recovery in institutional investor confidence, providing sustained buying pressure on Bitcoin's price. This promotes the maturation and improved liquidity of the overall ETF market, strengthening Bitcoin's position as a store of value. ・Bitcoin price rises 1.5% to over $115,000, with onchain indicators suggesting market momentum is picking up. Bitcoin's price recovery to over $115,000, coupled with on-chain indicators suggesting a recovery in market momentum, signals potential for short-term price appreciation. If the $115,000 level is maintained, further upside potential could be considered. ・Bitcoin ‘sharks’ add 65K BTC in a week in key demand rebound The accumulation of 65,000 BTC in one week by large holders, referred to as 'sharks', indicates market resilience and forms a foundation for price recovery. This suggests that not only retail investors but also larger players anticipate a market recovery, potentially contributing to a medium-to-long-term upward trend. ・Dogecoin price rises despite latest delay of US DOGE ETF launch Despite the latest delay in the launch of a US Dogecoin ETF, the rise in Dogecoin's price suggests the strength of its community and growing interest in meme coins. Anticipation surrounding ETF approval continues to capture market interest, and future approval could serve as a catalyst for further price increases. ・RWA tokens surge 11% weekly as onchain value peaks at $29B The weekly increase of 11% in Real-World Asset (RWA) tokens, reaching an on-chain value of $29 billion, indicates the rapid growth of the tokenization market and increasing institutional interest. This trend accelerates the adoption of blockchain technology and strengthens integration with traditional asset classes, contributing to the expansion of the overall crypto market. ・Ether struggles to gain bullish momentum despite S&P 500 gains and spot Ethereum ETF inflows. Despite gains in the S&P 500 and inflows into spot Ethereum ETFs, Ether is struggling to gain bullish momentum. This suggests market participants are focusing more on Ether's underlying technology and long-term utility than short-term price appreciation. Institutional entry via ETFs could further promote Ether's adoption. ・BlackRock weighs ETF tokenization as JPMorgan flags industry shift: Report Reports that BlackRock is considering ETF tokenization indicate that traditional financial institutions are actively exploring the use of blockchain technology, potentially encouraging further institutional participation in the crypto market. This accelerates the adoption of blockchain technology within the asset management industry, contributing to the maturation of the crypto market. ・Bitcoin eyes $115K on CPI data as traders diverge on new BTC price dip Bitcoin approaching $115,000 following the release of inline US CPI data suggests that macroeconomic indicators continue to influence crypto market sentiment. Diverging trader views could increase price volatility, but overall sentiment remains predominantly positive. [Overall Summary] Continued inflows into spot Bitcoin ETFs signal heightened institutional interest and restored market confidence, providing sustained support for Bitcoin's price. The surge in Real-World Asset (RWA) tokens indicates an expanding application scope for blockchain technology and the creation of new investment opportunities, likely contributing to the overall market's growth. However, the sluggish momentum of Ethereum and news of ETF launch delays suggest market volatility, requiring careful observation of future developments.

The Relative Strength Index (RSI) indicating overbought conditions, coupled with the breach of the upper Bollinger Band, increases the risk of a short-term price correction. ETH's failure to sustain momentum despite positive market catalysts is also a concern. A key support level is identified at the recent low of $4,256; breaking below this level could trigger further declines. Potential delays in Ethereum ETF approvals, macroeconomic uncertainties, and a worsening overall market sentiment should also be considered potential risks.

Over the next 24-48 hours, a temporary correction or a period of consolidation is expected due to overbought conditions. Holding firm at support levels will be crucial in determining the future direction. In the medium-term outlook (approximately one week), the approval status of spot ETH ETFs could be the primary catalyst, while the growth of the RWA (Real World Assets) market may also increase interest in ETH. Despite potential short-term weakness, a scenario resuming a gradual uptrend is plausible if key support levels are maintained.

Overall, the ETH market sentiment is currently neutral to cautiously optimistic. Persistent inflows into spot Bitcoin ETFs and the notable growth of Real-World Asset (RWA) tokens suggest increasing institutional interest and confidence in the broader market, which could indirectly benefit ETH. However, ETH itself lacks strong bullish momentum despite these macro tailwinds. Technical indicators such as an overbought RSI and breaking above the upper Bollinger Band signal a risk of short-term price correction. Therefore, entry strategies should be approached cautiously, potentially focusing on buying dips near the immediate support level of $4,256 or targeting the psychological level of $4,500. Looking at the medium-term outlook, the approval status of spot Ethereum ETFs could serve as the primary catalyst. Furthermore, advancements in the RWA sector are expected to broaden the use cases for blockchain technology, thereby increasing attention on the ETH ecosystem. If these positive factors materialize, ETH could re-establish an upward trend. As a specific action plan for investors, we recommend avoiding overly aggressive long positions and accumulating positions gradually within the $4,256-$4,500 range. Take-profit targets should be considered at $4,663 for the short term and $4,800-$5,000 for the medium term. It is crucial to execute stop-losses swiftly if the price decisively breaks below $4,256. From a risk management perspective, it is advisable to continuously monitor ETH's volatility and overall market sentiment, and refrain from leverage trading. This week, the key levels to watch are whether ETH can maintain support at $4,256 and break through the resistance at $4,663. Closely observing the price action around these levels will be crucial for identifying strategic entry and exit points. While market fluctuations persist, ETH's underlying technology and long-term potential remain substantial. Through calm analysis and disciplined trading, ample opportunities exist to capture profits in this market.