$ETH Price Analysis: Key Levels to Watch as ETF Outflows Hit $562M - CoinPedia Analytics

Ethereum (ETH) dropped below $2,370 for the second time in three days, but “ETH Beta” assets are holding up better than expected. Typically more volatile, these assets show relative strength, suggesting possible seller exhaustion and a shift in market dynamics.

Meanwhile, Ethereum ETFs are seeing major outflows, totaling $562 million, led by Grayscale Ethereum Trust with $7.39 million in losses. However, Grayscale Mini Ethereum Trust saw inflows of $7 million, bucking the trend.

ETH’s price dropped 7% after rejection at $2,619, hitting $2,327. If ETH falls further, it could test support at $2,118, while a break above $2,619 could signal a rally to new highs.