Ethereum's price remains stuck below $1,600 due to ongoing selling pressure from spot Ethereum ETFs, which have seen $273 million in outflows over seven weeks, mainly from BlackRock's ETHA. Despite a bullish $62.4 million ETH purchase by SharpLink Gaming signaling institutional accumulation, technical resistance between $1,600 and $1,750 limits upside potential. Key support at $1,500 is critical; falling below it could trigger further sell-offs. Broader market risks, including persistent U.S. inflation and Bitcoin's dominance, continue to weigh on Ethereum's recovery prospects.
Bitcoin hovered just below $60,000 with a slight 0.6% gain, reflecting cautious trader sentiment as derivatives data and chart patterns suggest continued downside risk. While Solana and Avalanche showed some rebounds, their futures open interest indi...
U.S. Bitcoin and Ethereum spot ETFs experienced nearly $2 billion in outflows in late June due to increasing regulatory scrutiny and geopolitical uncertainties, including U.S.-Iran tensions. BlackRock’s Bitcoin and Ethereum ETFs led the withdrawals, ...
SharpLink has resumed its Ether buying campaign, acquiring 39,196 ETH worth about $62.4 million over three days after an eight-month pause. The company now holds over 876,000 ETH but faces an unrealized loss of roughly $1.71 billion as Ether trades b...
Last week, XRP exchange-traded funds (ETFs) attracted nearly $23 million in net inflows, defying the broader cryptocurrency market trend where Bitcoin and Ethereum ETFs experienced significant outflows of $1.79 billion and $273 million respectively. ...
Ethereum is trading narrowly around $1,570 after a week marked by significant selling from large holders who liquidated about 550,000 ETH worth $880 million. U.S. spot Ethereum ETFs saw $12.85 million in net withdrawals over seven consecutive days, i...
