ETH dey near $1,600 sebab ETF dey see money come out, na so bearish pressure for technical still dey
Ethereum (ETH) dey around $1,600 after selloff keep am for underneath one key support level. For June 25, ETH trade near $1,655 (down ~0.93% for 24 hours, ~4.63% for 7 days) with plenty volume around $15.42B. Daily range na roughly $1,557–$1,678, market cap still dey about $199.55B.
ETF flows na di biggest wahala. Data wey SoSoValue show say spot Ethereum ETF still dey collect net outflows—about $30.24M for June 24 (fifth straight day wey people withdraw) and about $82.35M for June 23—meaning regulated demand no stabilize.
On-chain activity na mix. One new wallet withdraw 17,675 ETH (~$28.58M) from Binance, dem describe am say “buying the dip.” But same time, Onchain Lens flag one dormant whale (0x096) wey sell 27,585 ETH (~$44.84M) near average price like ~$1,625. Leverage risk come back too, because trader (Machi) suffer full liquidation for 25x ETH long.
Technical no too clear; still cautious. RSI around ~38.34 (below its moving average and for under neutral 50). Aroon Oscillator negative (-64.29) keep bearish structure. Traders likely dey wait bullish sign only if ETH recover back clean above ~$1,800; if not, ETH fit retest around ~$1,580.
ETH go remain vulnerable until e recover the broken structure, while ETF flow pressure fit still cap any rally.
Bearish
ETH di for near term na bearish, because flow pressure no don settle, and technical indicators still dey show say trend dey weak and downtrend goyah. ETF spot Ethereum net outflow dey continue (na 5th day wey withdrawal dey go), fit cap the upside because the regulated demand dey still net seller. Meanwhile whale behavior no clear (halo-halo), plus new 25x ETH liquidation show say leverage fit quickly make dip worsen and suppress rally. For chart, RSI don for below neutral and Aroon Oscillator negative—meaning trend weakness. So traders probably need strong reclaim for above ~$1,800 make downside risk reduce. If ETH no recover, market go focus back to ~$1,580 retest, and for short term downside go more than upside (asymmetrical). For long term, investors need ETF inflow enter steady and make broken structure (and momentum) recover, so bias fit shift to bullish.