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Guys, I’m leaning bullish on ETH this round, but consecutive outflows need to be read alongside weekly outflows!
#EthereumETFSees9ConsecutiveDaysOfNetOutflows
This round’s trending topics featured both “9 consecutive days of net outflows” and “$542 million in net outflows last week.” These two headlines may describe overlapping fund outflows, so we shouldn’t simply add them together and declare that selling pressure has doubled. The full picture still needs to be confirmed by fund data.
The reason I’m watching ETH with a bullish bias is that this Binance price snapshot still shows a positive 24-hour change. This reflects a price recovery; it doesn’t mean ETF fund flows have reversed direction.
Next, we need to see whether the recovery can continue, while keeping an eye on upcoming fund data. If price support weakens, I’ll need to adjust my bullish view. BTC’s relative strength can serve as a comparison, but it can’t determine ETH’s outlook for us.
$ETH $BTC
#比特币 #Ethereum
👇 Tap the token tag below to go straight to the market page!
Guys, I’m leaning bullish on ETH this round, but consecutive outflows need to be read alongside weekly outflows!
#EthereumETFSees9ConsecutiveDaysOfNetOutflows
This round’s trending topics featured both “9 consecutive days of net outflows” and “$542 million in net outflows last week.” These two headlines may describe overlapping fund outflows, so we shouldn’t simply add them together and declare that selling pressure has doubled. The full picture still needs to be confirmed by fund data.
The reason I’m watching ETH with a bullish bias is that this Binance price snapshot still shows a positive 24-hour change. This reflects a price recovery; it doesn’t mean ETF fund flows have reversed direction.
Next, we need to see whether the recovery can continue, while keeping an eye on upcoming fund data. If price support weakens, I’ll need to adjust my bullish view. BTC’s relative strength can serve as a comparison, but it can’t determine ETH’s outlook for us.
$ETH $BTC
#比特币 #Ethereum
👇 Tap the token tag below to go straight to the market page!