Ethereum Updates: ETF Outflows Trigger Market Decline While Major Holders Increase Their Positions
- Ethereum's price fell below $3,200 amid failed rebounds and massive ETF outflows, intensifying selling pressure as macroeconomic uncertainties drive institutional rotation into safe-haven assets. - Whale accumulation of 460,000 ETH ($1.6B) contrasts with mega-whale liquidations, while technical indicators show fragile support at $3,050 and bearish momentum below $3,280. - BitMine's 3.5M ETH ($12.7B) treasury acquisition highlights institutional interest, though ETF redemptions and a broken $3,653 resista
Ethereum's value has dropped beneath $3,200, deepening its losses after several unsuccessful efforts to climb back above important resistance points, recent reports indicate. Currently trading near $3,130, the digital asset has fallen over 5% in the last seven days, with technical signals and market patterns pointing to
The selloff has worsened due to significant outflows from
Blockchain data presents a mixed scenario. While retail investors and leveraged traders have contributed to much of the selling, major whale wallets show signs of selective buying.
Technical signals point to a vulnerable setup. Ethereum is trading below its 100-hour simple moving average, the RSI has slipped under 50, and
Despite the recent downturn, institutional appetite for Ethereum remains.
The outlook remains unclear. While whale accumulation and corporate treasury purchases offer some long-term support, immediate risks are significant. ETF outflows, risk-off moves in global markets, and ongoing volatility all increase the chance of further declines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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