Grayscale's $ETHE saw an outflow of $346.2 million on the third day. Under the condition of low liquidity in the summer, they sold ETH about 3 times faster than BTC (13% vs. 4.3%).

No wonder the speed of Ethereum's decline is much faster than Bitcoin. It is not only affected by news factors, but also the outflow speed is very fast. It has fallen a lot yesterday, and the lowest point immediately hit the 3,000 mark.

If the small level can stop the decline and go through a shock or rebound market, once the ETF inflow begins, it will slowly start the rising mode. This time is not expected to be long!