$ETH Ethereum spot ETF saw a net outflow of $161 million in a single day ๐ฅ
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๐ข $ETH Ethereum spot ETF saw a net outflow of $161 million in a single day, bearish in the short term
โ ๏ธ Technicals: ETHโs daily, 4-hour, and 1-hour moving averages are all in a bearish alignment. ADX is as high as 67.5 on the 4-hour and 73.3 on the 1-hour charts, indicating a very strong short-term downtrend. The price has been dumped from the 2806 resistance level all the way down; currently 2414 is exactly riding the daily support 2405. The 4-hour trading volume is up by 1.42 while price falls, and the MACD green bars are still expandingโno signs of a bottom yet. If 2405 cannot hold, downside room will open further.
๐ข Market updates: Ethereum spot ETFs recorded a net outflow of $161 million in a single day, with funds continuously withdrawing and weighing on the price. Meanwhile, market chatter suggests BitMineโs ETH buying wave may end within six weeks, which could reduce potential buying and intensify sell-pressure sentiment.
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๐ Watch to get first-hand price action anomalies ๐
#ๆๆฏๅๆ #Ethereum spot ETF net outflow $161 million in a single day #ETH
๐ When trading, pay attention to whether the candlestick pattern matches
โโโโโโโโโโโโโโโโโโโโ
๐ข $ETH Ethereum spot ETF saw a net outflow of $161 million in a single day, bearish in the short term
โ ๏ธ Technicals: ETHโs daily, 4-hour, and 1-hour moving averages are all in a bearish alignment. ADX is as high as 67.5 on the 4-hour and 73.3 on the 1-hour charts, indicating a very strong short-term downtrend. The price has been dumped from the 2806 resistance level all the way down; currently 2414 is exactly riding the daily support 2405. The 4-hour trading volume is up by 1.42 while price falls, and the MACD green bars are still expandingโno signs of a bottom yet. If 2405 cannot hold, downside room will open further.
๐ข Market updates: Ethereum spot ETFs recorded a net outflow of $161 million in a single day, with funds continuously withdrawing and weighing on the price. Meanwhile, market chatter suggests BitMineโs ETH buying wave may end within six weeks, which could reduce potential buying and intensify sell-pressure sentiment.
โโโโโโโโโโโโโโโโโโโโ
๐ Watch to get first-hand price action anomalies ๐
#ๆๆฏๅๆ #Ethereum spot ETF net outflow $161 million in a single day #ETH
๐ When trading, pay attention to whether the candlestick pattern matches