Fidelity FETH had a net outflow of $272 million yesterday, the first since August 5.

Fidelity ETH ETF saw significant outflows, linked to the $100 million outflow from Grayscale ETHE, with a total net outflow of $58.05 million in spot ETH.

In connection with the Federal Reserve's Daly's remarks about lowering interest rates twice, funds may shift to the bond market.

I believe this puts short-term pressure on ETH, but a newly created address has accumulated 17,300 ETH.

Future direction? Wait for dovish signals from the Jackson Hole meeting, ETF rebound, and I recommend buying FETH on dips.