📉 Recently, Ethereum #ETH is under a bit of pressure, with its market cap dropping nearly 3%, and the price hovering around $4,600. Short-term fluctuations combined with market trends have made traders a bit anxious 😅.
📊 SoSoValue data shows that the net inflow for the ETH spot ETF was $729 million on the 13th, slightly decreasing to $639 million on the 14th, indicating a slight reduction in buying pressure, which may also be one of the reasons for the price correction.
💥 Additionally, the latest PPI data was higher than expected, signaling inflation, leading investors to be more cautious about risk assets, putting short-term pressure on ETH sentiment. Furthermore, a $5.9 billion worth of BTC/ETH options are about to expire, adding extra pressure to the market due to the massive trading volume.
🔍 The good news is that some traders are starting to pay attention to Unilabs Finance, which obtains stable returns through diversified mining activities 💎, allowing them to track ETH while managing risk exposure, making it a clever way to handle volatility 👌.
While short-term pressure exists, focusing on data and new opportunities, and stabilizing strategies can lead to greater peace of mind 📈.