🚨 Ethereum Spot ETFs are seeing significant weekly outflows, with over $700 million exiting the market! 📉 This trend is sparking concerns about investor sentiment and potential price drops.
Key Takeaways:
- Outflow Amount: $795.6 million in outflows, the worst week since launch
- Top Outflows: Fidelity's FETH ($362 million) and BlackRock's ETHA ($200 million)
- Price Impact: ETH price dipped below $3,200, triggering liquidations
Strategy:
- Buy Zone: $3,100-$3,200 (potential support level)
- Sell Zone: $3,400-$3,500 (resistance level)
- Stop-Loss: $3,000 (caution advised)
What's your take on Ethereum's current trend? Are you buying or selling? 👇
#Ethereum #ETFs. #TradingStrategy
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