Let’s review this news:
① What happened: Ethereum spot ETFs saw total net outflows of $103 million yesterday, marking four consecutive days of net outflows.
② Why it matters: This is somewhat negative news and could trigger short-term position cuts and caution; the key question is whether selling pressure will persist.
③ What I’ll watch: Whether the intraday highs and lows are tested repeatedly, and whether this leads to any further action.
④ My approach: I won’t buy in just yet. I’ll wait for selling pressure to ease and the candlesticks to stabilize before reassessing.
For trading, $ETH is currently at 2410.91, down 0.4% over 24 hours, with an intraday range of 2372.62–2446.27.
Price action after the news breaks is more worth watching than the news itself. Cast your vote in the comments: up or down?
① What happened: Ethereum spot ETFs saw total net outflows of $103 million yesterday, marking four consecutive days of net outflows.
② Why it matters: This is somewhat negative news and could trigger short-term position cuts and caution; the key question is whether selling pressure will persist.
③ What I’ll watch: Whether the intraday highs and lows are tested repeatedly, and whether this leads to any further action.
④ My approach: I won’t buy in just yet. I’ll wait for selling pressure to ease and the candlesticks to stabilize before reassessing.
For trading, $ETH is currently at 2410.91, down 0.4% over 24 hours, with an intraday range of 2372.62–2446.27.
Price action after the news breaks is more worth watching than the news itself. Cast your vote in the comments: up or down?