watch
Ethereum ETF $59.3M Outflow Signals Short-Term Selling Pressure
Yesterday the US Ethereum Spot ETF recorded a net outflow of $59.3 million. I see this as a clear sign of short-term selling pressure into the ETF product.
While a single-day outflow doesn't prove a durable trend, it suggests profit-taking or rotation away from ETH that could weigh on price in the near term. I'll be watching subsequent fund flows and price behavior around key supports for confirmation.
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Analysis
The $59.3M outflow indicates distribution and potential short-term weakness, likely reflecting profit-taking or rotation rather than a structural shift. Single-day flows are noisy, so confirmation req...
Recommendation
I will watch subsequent ETF flows and price reaction; avoid initiating new long positions until flows stabilize or price holds key supports. If outflows continue and price breaks support, consider tri...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.