Grayscale's ETHE Had Big Breakouts, Ethereum Price Dropped 7%

📉 Grayscale's ETHE experienced massive outflows of $1.51 billion in its first week of trading, causing the price of Ethereum (ETH) to drop by more than 7%.

ETH dropped from $3.5k to $3k, revealing the significant impact of investor behavior on the crypto market. However, after this initial decline, ETH made a partial recovery and rose above the $3.2k level.

- Big Outflows: Grayscale's ETHE experienced an outflow of $1.51 billion in its first week of trading.

- ETH Price Drop: Ethereum price dropped by more than 7% from $3.5k to $3k.

- Recovery Signal: After the initial decline, ETH showed a partial recovery by rising above the $3.2k level.