Ethereum ETF outflow
Ethereum has rebounded to $3,131.51, reflecting a 2.47% increase, after reaching lows of $2,946. This recovery occurs despite significant selling pressure from BlackRock’s ETF.
The massive outflow of $177 million from BlackRock’s Ethereum ETF has introduced technical uncertainty in the market. This selling activity has tested key support levels, influencing investor sentiment.
Despite the pressure caused by the ETF outflow, Ethereum’s price recovery indicates resilience in the market. Traders continue to monitor the cryptocurrency’s reaction to these external pressures.
Market participants remain cautious as the technical indicators suggest mixed signals. Analysts are watching closely to see if Ethereum can maintain its upward momentum or if further volatility is expected.
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