Why Is ETH Price Down Despite Record Ethereum ETF Inflows?

Quick Summary:

On the other hand, Ethereum ETF inflows are making fresh records, with net inflows reaching closer to $2.5 billion.

As Ethereum eyes fresh highs, a selloff by Ethereum Foundation triggered a negative sentiment in the market.

Along with the Bitcoin price retracement, Ethereum (ETH) witnessed a more than 5% pullback to the $3,816 level.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 09:09:12 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 43 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24535012

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