$ETH Persistent selling pressure threatens Ether as institutional ETF outflows continue.
Resistance: $2,520. Lose $2,492 -> $2,479 comes into focus.
My view: I wouldn't chase any quick bounce. Better to wait for confirmed buyers.
Why: Ether spot ETFs logged nine consecutive days of outflows.
Bearish below $2,520.
Source: The Block
[#ETH ](https://www.binance.com/square/hashtag/ETH)[#crypto ](https://www.binance.com/square/hashtag/crypto)[#Binance ](https://www.binance.com/square/hashtag/Binance)
Resistance: $2,520. Lose $2,492 -> $2,479 comes into focus.
My view: I wouldn't chase any quick bounce. Better to wait for confirmed buyers.
Why: Ether spot ETFs logged nine consecutive days of outflows.
Bearish below $2,520.
Source: The Block
[#ETH ](https://www.binance.com/square/hashtag/ETH)[#crypto ](https://www.binance.com/square/hashtag/crypto)[#Binance ](https://www.binance.com/square/hashtag/Binance)