📉 Ethereum ETF increases selling pressure, Hong Kong market welcomes a net inflow of 2,600 ETH !!

Last week, the total net inflow of three Ethereum spot ETFs in Hong Kong exceeded 2,600 ETH, increasing by about 16%. The total holdings amount to approximately 18,910 ETH, with a total net asset value of over 64 million USD.

Among them, the Huaxia Fund (Hong Kong) and Carnival International's spot Ethereum ETF, with OSL Digital Securities acting as the virtual asset custodian and trading partner, hold approximately over 13,000 ETH, accounting for nearly 70%.

🔍 Ethereum price forecast: With investors locking in profits and losses increasing, there is a risk of Ethereum dropping to $3,000.

📉 Ethereum investors ramp up selling pressure: Despite recent selling activities from both long-term and short-term holders, Ethereum still rose by 4% on Monday.

🐋 Whales buy on dips: Whales ended a two-week selling spree after increasing their holdings by 410K Ethereum, signaling confidence in a potential recovery post-holiday.

📊 Ethereum weighted confidence index: This index has remained below neutral levels, indicating heightened negative sentiment.

📈 Ethereum price forecast: If it falls below the support of $3,250, Ethereum may drop towards the psychological level of $3,000.