BitcoinKing

08/14 14:51

Ethereum ETF sees first outflow in 32 days – Marke

Ethereum ETF sees first outflow in 32 days – Market sentiment shifting?

Ethereum is starting to show signs of strain as sentiment wavers.

Ethereum [ETH] saw a 4.60% drop on the 20th of June, closing the day at a significant loss from its $2,522 opening. More importantly, it wicked as low as $2,368, marking its lowest intraday level in nearly two weeks.

And this wasn’t just a technical hiccup. Crucially, BlackRock’s ETH ETF (ETHA) logged its first daily outflow of $19.7 million, snapping a 32-day streak of steady inflows or net-zero activity. 

Is this, then, signaling a shift in Ethereum’s reset dynamics? One that’s not the usual leverage flush, but more about patience running thin?

A month ago, ETH tagged a local low at $2,454. Fast-forward to now, and it’s barely up 0.4%, which means price action remains stuck in a tight range, and Q2 isn’t exactly shaping up to finish strong.

In a market ..

#HTX 12th-Anniversary Carnival#SNEK is listed on HTX, what do you think?#ETH price breaks through $4,600, buy or sell?#Buy Bitcoin’s dip,’ says Eric Trump#Whose “child” is ES — Solana or Ethereum?

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