Ethereum ETF Flows Flip Negative Again As ETH Price Slips 6%, What’s Next?

Quick Summary:

After six consecutive days of inflows, the spot Ethereum ETF flows flipped negative again on Thursday, as the bullish sentiment driven by Trump-trade subsided.

The ETH price also dropped 6% in the last 24 hours moving all the way to $3,000 losing over $22 billion in market cap.

The trader also added that the swift shift in market sentiment, as “a few red candles” have led to widespread pessimism and negativity toward the asset.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Ethereum ETF Ethereum ETF outflow Altcoin News ETH price Ethereum (ETH)

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 09:43:10 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23601179

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