Related: Deutsche Boerse to launch Bitcoin, Ether institutional custody: ReportEther price limited by ETF outflowsAdding to Ethereum’s challenges, continued outflows from Ether ETFs are limiting the asset’s price recovery, according to Stella Zlatareva, dispatch editor at digital asset investment platform Nexo:“ETH’s 20% decline last week pushed its price below the key $2,200 trendline that had supported its bull market recovery since 2022.
The modest price action may be attributed, as with Bitcoin, to ETFs.”US spot Ether ETFs have entered a fourth consecutive week of net negative outflows, after seeing over $119 million worth of cumulative outflows during the previous week, Sosovalue data shows.
Source: Cointelegraph/ TradingView “A lack of new projects or builders moving to ETH, primarily due to high operating fees, is likely the principal reason behind the lackluster performance of ETH.[...] We believe that for ETH, $1,800 will be a strong level to watch,” the analysts told Cointelegraph.“However, the current sell-off is not being seen solely in ETH, we have seen a marketwide correction as fears over the impact of tariffs hit all risk assets,” they added.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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