Weak Demand for Ethereum: 23 Consecutive Days of ETF

Ethereum Price Faces 525K ETH Supply Risk as ETF Outflows Mount

TLDR: The Ethereum price traded near $2,250 on October 31 as ETF outflows and a large attacker-linked ETH holding drew investor attention. Glassnode reported 23 straight ETF outflow sessions, with Farside data showing a $4.4 million inflow on October 23 and a five-day streak. Wallets linked to the Binance hack held an estimated 525,200 ETH [...]

Ethereum Price Risks $2,000 as ETFs Record $1.61B in Outflows

Ethereum price approached $2,240 on Oct. 31 as institutional demand weakened and selling continued. U.S. spot Ethereum ETFs recorded approximately $1.61 billion in October withdrawals. The decline coincided with falling decentralized finance valuations and renewed concerns about U.S. interest rates. Technical analysis also identified a possible bearish reversal pattern. Odds of Democrats Flipping …

U.S. Spot Ether (ETH) ETFs Log 23 Straight Days of Outflows

The run is the longest since the funds launched and has extended beyond the eight-day mark covered earlier.

Weak Demand for Ethereum: 23 Consecutive Days of ETF

Ethereum faces significant challenges as ETF outflows reach 23 consecutive sessions, showcasing a worrying trend in investor sentiment.