Ethereum ETFs Break 4-Week Outflow Streak — Can ETH Price Finally Recover?
Ethereum ETFs saw inflows after a four-week outflow streak, coinciding with whale accumulation, but long-term holders continue to sell, creating uncertainty for ETH's price recovery.Summary
Ethereum has broken a four-week streak of ETF outflows, recording a $6.80 million inflow, signaling a potential pause in institutional selling pressure. This positive shift is further supported by whale wallets increasing their holdings by 130,000 ETH, worth approximately $253 million. However, this optimism is countered by continued selling from long-term holders, who are distributing their holdings even during price bounces. Ethereum's price currently trades within a symmetrical triangle pattern, with key resistance levels at $2,030 and $2,100, and support levels at $1,960, $1,890, and $1,740. The conflict between whale accumulation/ETF inflows and long-term holder selling will likely determine whether Ethereum's price recovery continues or stalls.
(Source：BeInCrypto)