ETH is still in a bearish-dominated weak consolidation phase in the short term. The trading strategy should focus on shorting from the higher end of the range.
The Fed's monetary policy is hawkish, and the market expects potential rate hikes within the year, with the high-interest rate environment continuing to suppress risk asset valuations; ETH spot ETFs have seen three consecutive weeks of capital outflows, totaling over $712 million, with this week's outflow not less than $241 million, reflecting weak institutional buying interest.
The Fed's monetary policy is hawkish, and the market expects potential rate hikes within the year, with the high-interest rate environment continuing to suppress risk asset valuations; ETH spot ETFs have seen three consecutive weeks of capital outflows, totaling over $712 million, with this week's outflow not less than $241 million, reflecting weak institutional buying interest.