Ethereum struggles below $1,600 amid large holder sell-offs and ETF outflows, risking further declines.
Ethereum is trading narrowly around $1,570 after a week marked by significant selling from large holders who liquidated about 550,000 ETH worth $880 million. U.S. spot Ethereum ETFs saw $12.85 million in net withdrawals over seven consecutive days, indicating weak institutional support. The key support level at $1,583 is critical; a breach could push prices down to $1,237 or even $1,089. While some analysts see buying opportunities below $1,800, ongoing selling pressure and bearish technical signals suggest cautious market conditions ahead.
Ethereum is trading narrowly around $1,570 after a week marked by significant selling from large holders who liquidated about 550,000 ETH worth $880 million. U.S. spot Ethereum ETFs saw $12.85 million in net withdrawals over seven consecutive days, indicating weak institutional support. The key support level at $1,583 is critical; a breach could push prices down to $1,237 or even $1,089. While some analysts see buying opportunities below $1,800, ongoing selling pressure and bearish technical signals suggest cautious market conditions ahead.
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