Ethereum risks further drop below $2,410 amid $320M ETF outflows and leveraged liquidations.
Ethereum's price is struggling near the $2,410 support level after sellers pushed it down from $2,560 to $2,350. The selling pressure is intensified by $319.97 million in outflows from U.S.-based Spot Ethereum ETFs, reducing institutional demand. Additionally, leveraged traders faced significant liquidations, including a $286,767 loss on a 3,206 ETH long position, increasing downside risk. If Ethereum closes below $2,404, it could fall further to $2,350 and $2,320, while a recovery above $2,450 would require stronger buying volume.
Ethereum's price is struggling near the $2,410 support level after sellers pushed it down from $2,560 to $2,350. The selling pressure is intensified by $319.97 million in outflows from U.S.-based Spot Ethereum ETFs, reducing institutional demand. Additionally, leveraged traders faced significant liquidations, including a $286,767 loss on a 3,206 ETH long position, increasing downside risk. If Ethereum closes below $2,404, it could fall further to $2,350 and $2,320, while a recovery above $2,450 would require stronger buying volume.
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