$ETH has returned to around $2700
Funds are also starting to come back
$ETH previously pulled back from around $2800 to above $2600, and I didn’t think that drop was too serious.
Now the price has returned to around $2700, and last week the US spot ETH ETF saw net inflows of nearly $690 million, directly reversing the prior week’s net outflow of about $140 million.
This set of data is more important than simply looking at day-to-day price moves.
$BTC has already helped pull market sentiment back. If later on funds start spreading into ETH and large-cap altcoins, it’s very easy for ETH to test $2800 again.
Funds are also starting to come back
$ETH previously pulled back from around $2800 to above $2600, and I didn’t think that drop was too serious.
Now the price has returned to around $2700, and last week the US spot ETH ETF saw net inflows of nearly $690 million, directly reversing the prior week’s net outflow of about $140 million.
This set of data is more important than simply looking at day-to-day price moves.
$BTC has already helped pull market sentiment back. If later on funds start spreading into ETH and large-cap altcoins, it’s very easy for ETH to test $2800 again.