$ETH ETFs Lost $202M As Glamsterdam Went Live on Sepolia Ethereum had a mixed 24 hours: on one side, the market took a hit with ETF outflows, and long liquidations. On the other, Ethereum moved Glamsterdam onto Sepolia, taking a long-awaited network upgrade another step forward. Right now, the picture looks like this: 📉 ~$253M in ETF outflows across Oct 5-6 📉 ~$107M in long liquidations over 24H 📉 ETH back near $2.6K 📈 Glamsterdam live on Sepolia, with mainnet timing still TBD Glamsterdam was really one of Ethereum’s long-awaited scaling upgrades, so I can understand why traders went long and expected $ETH to move higher 💭 📊 However, the chart still looks weak in the short term: - ETH has lost the $2,640-2,660 area that held for ~2 weeks. However, I wouldn’t rush to short it near $2,600. Crypto Andy’s setup - to wait for a retest and see whether ETH gets rejected there - makes more sense to me for now: https://www.tradingview.com/chart/ETHUSDT/jKDXjWYJ-Ethereum-Picked-a-Side-2-660-Says-Bears-for-Now/ 🔎 That cautious view is also supported by Ethereum’s staking exit queue, which recently climbed above 850K ETH. But it's not all bearish: more than 523K ETH came from MetaMask Staking, while roughly 1.5M ETH was waiting to enter staking. 📌 So I don’t think ETH gives us a clean one-way signal here. The next few sessions should show whether this pressure has more room to run or whether the market starts absorbing it. For now, I’d rather watch that play out than try to call the next move... #Altcoin Season# #Macro Insights#