$ETH Overall, the market remains relatively weak, and 2,437 is still the key level to watch.
Price has fallen back below the moving averages, and 2,555 failed to hold.
Spot ETH ETFs have seen nearly $700 million in net outflows. VanEck has also withdrawn its Lido staking ETF, and with $286 million in liquidation pressure, the short-term outlook remains bearish.
So for now, 2,437 looks more like a level for a rebound.
Don’t rush to make a call—wait and see how the next candle develops.
【Bearish factors】Continued ETF outflows, a key level lost, and ongoing liquidation pressure.
Price has fallen back below the moving averages, and 2,555 failed to hold.
Spot ETH ETFs have seen nearly $700 million in net outflows. VanEck has also withdrawn its Lido staking ETF, and with $286 million in liquidation pressure, the short-term outlook remains bearish.
So for now, 2,437 looks more like a level for a rebound.
Don’t rush to make a call—wait and see how the next candle develops.
【Bearish factors】Continued ETF outflows, a key level lost, and ongoing liquidation pressure.