Ethereum ETFs dey See Fift Day of Outflows, ETH Near $3,300
Ethereum ETF money comot don continue for five days straight as investors pullout total of $219.37 million, show say market no too dey hot. BlackRock ETHA lead di pack with $111.08 million comot, followed by Grayscale ETH wit $68.64 million, Fidelity FETH wit $19.86 million, and Grayscale ETHE wit $19.78 million. Spot Bitcoin ETFs also dey see net outflows for the fifth day in a row, totaling $577.74 million. Di selling come when Ethereum dey trade near $3,300 after e drop to multi-week low of $3,160. Trading volume jump 33.75% to $74 billion. Technical indicators dey show bearish momentum: RSI dey 30.03 close to oversold and ADX dey 24.36 wey mean down trend. Key support dey for $3,200–$3,250, while resistance dey for $3,400 and $3,520. Ethereum ETF flows show sey investors still dey careful because market still dey shakey.
Bearish
Di continuous flow of money waka from Ethereum ETFs for five days straight dey show say investors no too get hope for ETH. Big withdrawals, especially from big funds like BlackRock’s ETHA and Grayscale’s ETH, plus ETH price drop near $3,300 and bearish technical signs (RSI near oversold and ADX dey go up), mean say wahala still dey to push price down. Even though key support levels at $3,200–$3,250 fit give small stability for now, if dem no hold these levels, price fit fall further. Overall, the ETF outflow trend and technical momentum show say short-term outlook for ETH na bearish one.