Ethereum slipped below the $3,000 support, following heavy selling in spot ETH ETFs. Net outflows hit $224.7M in a single day, the largest exit in weeks, extending total ETF selling to $286.5M over the past three days. Notably, BlackRock and Grayscale led the withdrawals, with zero inflows recorded across funds.
This breakdown triggered a liquidation cascade, wiping out nearly $168M in ETH long positions and driving price down toward the $2,895 zone.
📉 Technical View:
ETH remains under bearish pressure, forming a bearish flag while a confirmed death cross keeps downside risk elevated. Unless price reclaims resistance near $3,170, the structure points toward a potential move to the $2,620 support zone.
⚠️ Market Takeaway:
Momentum favors the downside for now. Bulls need a strong reclaim of key resistance to shift sentiment — otherwise, volatility remains skewed against longs.
This breakdown triggered a liquidation cascade, wiping out nearly $168M in ETH long positions and driving price down toward the $2,895 zone.
📉 Technical View:
ETH remains under bearish pressure, forming a bearish flag while a confirmed death cross keeps downside risk elevated. Unless price reclaims resistance near $3,170, the structure points toward a potential move to the $2,620 support zone.
⚠️ Market Takeaway:
Momentum favors the downside for now. Bulls need a strong reclaim of key resistance to shift sentiment — otherwise, volatility remains skewed against longs.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.