Ethereum ETFs shed $1B in 3 weeks – Can ETH buyers prevent breakdown?

Share

Ethereum ETFs have recorded outflows totaling $319.97 million last week, bringing cumulative outflows over three weeks to approximately $1 billion. ETH price fluctuates around the $2,410 support level after failing to rebound above the $2,460-$2,480 resistance zone. Cumulative net inflows have dropped from $13.94 billion to $12.94 billion, while total assets stand at $14.95 billion. A major liquidation of 3,206 ETH caused a loss of $286,767, illustrating the risks of leveraged positions. If the price falls below $2,404, a breakdown toward $2,350 then $2,320 could follow.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items