⚡ Is Wall Street rotating out of $ETH ?
ETH is trading around $2,414, and the ETF data looks rough. US spot Ethereum ETFs lost another $69.7M on Oct 16. Earlier this month, they logged nine straight outflow sessions and shed nearly $2B in assets, though much of that was price decline rather than investors pulling money out. (The Block: Bitcoin, Ethereum & Crypto News +2)
🐂 Bull case: BlackRock's staked ETH trust holds over 440K ETH, and the Glamsterdam upgrade was scheduled for Sepolia testnet on Oct 6, so the tech roadmap keeps moving. (analyticsinsight) (cubed)
🐻 Bear case: ETH needs to reclaim its 50-day EMA near $2,493 before momentum turns, and money is flowing to BTC instead. (analyticsinsight)
Are you buying this dip or waiting for lower? Comment 🐂 or 🐻 👇
$ETH $BTC #BinanceSquareTalks #cryptouniverseofficial
ETH is trading around $2,414, and the ETF data looks rough. US spot Ethereum ETFs lost another $69.7M on Oct 16. Earlier this month, they logged nine straight outflow sessions and shed nearly $2B in assets, though much of that was price decline rather than investors pulling money out. (The Block: Bitcoin, Ethereum & Crypto News +2)
🐂 Bull case: BlackRock's staked ETH trust holds over 440K ETH, and the Glamsterdam upgrade was scheduled for Sepolia testnet on Oct 6, so the tech roadmap keeps moving. (analyticsinsight) (cubed)
🐻 Bear case: ETH needs to reclaim its 50-day EMA near $2,493 before momentum turns, and money is flowing to BTC instead. (analyticsinsight)
Are you buying this dip or waiting for lower? Comment 🐂 or 🐻 👇
$ETH $BTC #BinanceSquareTalks #cryptouniverseofficial