Ethereum Price Dey Fall After ETF Money Comot And SharpLink Big Loss
Ethereum price just hold small, 1.94% below im all-time high of $4,878, now e dey trade around $4,450. The small drop align with net outflow of $59.3 million from spot Ether ETFs, wey end an eight-day $3.7 billion inflow wave. Since July 2024, U.S. spot ETH ETFs don gather $12.68 billion, wey make ETF flows dey important driver for short-term performance. SharpLink suffer $103.4 million loss for Q2 because of liquid-staked ETH impairment, wey make people concern even though e get 728,804 ETH treasury and 3.4% staking yield. Public companies don hold over $10 billion for ETH treasury, show say institutional demand dey grow. For chart, Ethereum price fit test support at $4,115 and 20-day MA before e fit try break ATH again, but if support fail, e fit drop to around $3,750.
Bearish
Di yawa wey near di $4,878 ATH and di first ETF comot for nine days mean say short time momentum dey reduce. Same kind ETF fund reversal don usually make market pull back before, same like old spot ETH ETF sell-offs. SharpLink headline loss make bad mind increase even though staking yield still dey support. For short term, traders fit dey careful, dey test support for $4,115 and $3,750. For longer time, if ETF inflow and company treasury gather well again, e fit bring back better market, but na if institution demand start again.