🚨 ETHEREUM: $542M OUTFLOWED FROM ETFs IN A WEEK!
$ETH short
📉 U.S. spot Ethereum ETFs recorded approximately $542M in net outflows from October 5–9!
🔥 This is now the ninth consecutive trading day of negative flows. BlackRock’s ETHA fund stood out in particular, with around $477M in weekly outflows.
💰 What does this mean for $ETH ?
Institutional demand looks weak, and selling pressure may persist.
🔴 MY SCENARIO: SHORT.
📊 I’m considering an entry after a break below hourly support and a failed retest from underneath. A move back above the broken level invalidates the scenario.
⚠️ ETF outflows don’t guarantee a price drop. Always manage risk when trading futures.
👇 What do you think—will Ethereum continue to fall, or can buyers turn the market around?
#ETH #Ethereum #CryptoNews
$ETH short
📉 U.S. spot Ethereum ETFs recorded approximately $542M in net outflows from October 5–9!
🔥 This is now the ninth consecutive trading day of negative flows. BlackRock’s ETHA fund stood out in particular, with around $477M in weekly outflows.
💰 What does this mean for $ETH ?
Institutional demand looks weak, and selling pressure may persist.
🔴 MY SCENARIO: SHORT.
📊 I’m considering an entry after a break below hourly support and a failed retest from underneath. A move back above the broken level invalidates the scenario.
⚠️ ETF outflows don’t guarantee a price drop. Always manage risk when trading futures.
👇 What do you think—will Ethereum continue to fall, or can buyers turn the market around?
#ETH #Ethereum #CryptoNews