The Plaza is buzzing right now about “Ethereum spot ETFs see $161 million in net outflows in a single day” (53K views).
The level of discussion itself is an indicator of attention. I’ll pay attention to three details:
· Is the discussion one-sided, or are people arguing?
· Is the topic just taking off, or is it everywhere?
· Has $ETH seen a simultaneous spike in volume and price?
When opinions are too unanimous and the topic is everywhere, it often means the short-term price is nearing a peak. If people are still debating and the topic is just taking off, the momentum may last.
$ETH is currently at 2538.68, down 0.87% over 24h. Adding it to my watchlist.
#EthereumSpotETFSees161MillionDollarsInNetOutflowsInOneDay
For reference only. You are responsible for your own profits and losses.
The level of discussion itself is an indicator of attention. I’ll pay attention to three details:
· Is the discussion one-sided, or are people arguing?
· Is the topic just taking off, or is it everywhere?
· Has $ETH seen a simultaneous spike in volume and price?
When opinions are too unanimous and the topic is everywhere, it often means the short-term price is nearing a peak. If people are still debating and the topic is just taking off, the momentum may last.
$ETH is currently at 2538.68, down 0.87% over 24h. Adding it to my watchlist.
#EthereumSpotETFSees161MillionDollarsInNetOutflowsInOneDay
For reference only. You are responsible for your own profits and losses.