Volatility caused by institutional withdrawal and potential opportunities.
Recent price fluctuations of Ethereum reflect the reduction of holdings by traditional investors.
The net outflow of the ETH spot ETF reached $10.83 million, meaning that the selling volume exceeded the buying volume, which may be profit-taking after the price increase.
However, despite this, Ethereum still demonstrates strong resilience, with the active participation of institutional investors being a key factor.
Over the past 24 hours, more than 33,482 ETH were acquired, worth approximately $84.7 million, and a total of 211,030 ETH were accumulated over the past week, with a total value of up to $477.6 million.
Such investment behavior often enhances market confidence, driving the continuation of bullish trends.
Tight supply and increased demand: ETH may break through the $3,000 barrier.
If the net inflow of the spot ETH ETF turns positive, the likelihood of Ethereum breaking through $3,000 will greatly increase.
Sentiment among spot traders in the market remains neutral, indicating that even with price increases, market sentiment remains relatively stable.
Retail trading activity has slightly rebounded, increasing by 0.17%.
Meanwhile, the ETH reserves on exchanges have decreased to 19.1 million, showing sustained demand growth and alleviated selling pressure.
Investors are directly accumulating ETH from exchanges, which may further exacerbate the supply tightness.
Market signals: Institutional fund inflows still have room for growth.
There are still positive signals regarding the inflow of funds from institutional investors.
Although the fund market premium is slightly negative (-0.3), it indicates that the market still has potential for continued growth, especially with the return of institutional funds.
These signals indicate that Ethereum may welcome a new round of increases in the future, and market prospects remain optimistic.
Summary: ETH faces the challenge of the potential to reach $3,000.
With the joint efforts of traditional and institutional investors, the future prospects for Ethereum are promising.
If the current trend continues, ETH may...
