$ETH plummets to $2900 (4.6% in 24h), due to nearly $230 million in outflows of #ETF ETH in spot markets in the US.

The spot trading volume in 24h increased by 58% to $34.3 billion, the derivatives volume surged by 65% to $74.9 billion, and open interest fell by 2%, indicating a liquidation of positions.

✅ Price below the 20-day moving average.

✅ RSI around 40.

✅ Support at $2750-2800.