Ethereum in ETFs Enjoys $110 Million in Inflows While Institutional ETH Wipes Out

Ethereum's price recently dipped below $3,000 amid market volatility, revealing a split in investor sentiment. Institutional investors exhibited skepticism, recording over $630 million in outflows in the week ending January 23, pushing month-to-date flows into a negative $77.4 million. Conversely, spot Ethereum ETFs reversed a previous trend, posting $110 million in inflows on Monday, suggesting some investors see recent price weakness as a buying opportunity. Technically, ETH defended the $2,796 support level, and a sustained move above $3,000 is needed to signal a bullish recovery toward $3,188; failure to hold $3,000 could invite renewed selling pressure.

(Source：BeInCrypto)