#ETH Another day of getting stabbed in the back by ETFs—$161 million flowed out in a single day.
Institutions sell every day, but the price just won't budge. It drops 3% and then bounces back a bit; now it's hovering at 2493.
They can't even smash through 2405. Anyone hoping to buy the dip at 2300 will probably be waiting forever.
This kind of price action is the most frustrating: it doesn't drop enough to satisfy you, but it can't rally either.
Institutions sell every day, but the price just won't budge. It drops 3% and then bounces back a bit; now it's hovering at 2493.
They can't even smash through 2405. Anyone hoping to buy the dip at 2300 will probably be waiting forever.
This kind of price action is the most frustrating: it doesn't drop enough to satisfy you, but it can't rally either.