Ethereum prices have risen, but Ethereum ETFs are still facing outflows, which may include investors taking profits or reallocation of funds.
Outflows
Outflows: Ethereum ETFs have seen continuous outflows in the past few days, with a total outflow of more than $20 million. This indicates that despite the rise in ETH prices, the funds in ETFs are decreasing.
Net flow: According to Sosovalue data, except for Grayscale, the fund flows of other US Ethereum ETFs are zero. Grayscale has a net inflow of $20.14 million and its current overall net asset value is $6.45 billion.
Price trend
Price volatility: Although ETH rose nearly 1% in the previous trading day and closed at about $2,361, the latest data shows that the price has fallen to $2,350, a drop of 0.45%.
Resistance level: Ethereum's price encountered strong resistance near $2,500, making it difficult for ETH to break through this level.
Investor Behavior
Holder Growth: Despite ETF outflows, the number of ETH holders continues to grow, currently exceeding 127 million. This suggests that despite short-term outflows, long-term demand for ETH remains strong.
Although the Ethereum ETF has experienced outflows, the price of ETH and the number of holders show continued interest in Ethereum.
Public: Pumpkin Strategy (early review strategy analysis of Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendation of high-quality coins and live analysis, and irregular sharing of Cai Fu Mi Ma)
