Ethereum ETFs See Biggest Outflow in 3 Weeks as Demand Stays Under Pressure
US spot Ethereum (ETH) exchange-traded funds (ETFs) saw $201.9 million in outflows on October 6, the largest daily outflow since mid-September. It marked their sixth straight day of withdrawals, while Bitcoin (BTC) funds took in $118.9 million. ETH’s price held steady for most of that streak. However, as demand weakens, how long can the altcoin
Our Summary:US spot Ethereum exchange-traded funds (ETFs) saw a $201.9 million outflow on October 6, marking their sixth straight day of withdrawals, while Bitcoin funds took in $118.9 million. The Ethereum price held steady initially but has since declined, with ETH losing 2.90% over 24 hours. Demand indicators show little sign of a rebound, and market sentiment has weakened, with bearish social media posts outnumbering bullish ones. Ethereum's key technical levels may come under focus, and analysts warn of a potential pullback before the latest decline.