After the Ethereum spot ETF was launched,

the next day, it turned to decline due to the outflow of funds from Grayscale ETF.

The price of Ethereum fell by 8.1% in 24 hours.

This is in line with the historical "news selling" pattern.

Ethereum has formed the weakest link in the current rally.

It is predicted that if the market lacks momentum, ETH may drop to the $3,000 support level! !

Grayscale Bitcoin ETF has seen a large outflow of funds.

Everyone also sold after these funds flowed out.

"5% of the Grayscale Ethereum Trust Fund has been sold.

Considering that the sales volume of ETH will not be as much as Bitcoin, it will take one to two weeks to predict a rebound!

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