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ETH ETF Inflows Meet Aggressive Selling Pressure: Can $2.3K Hold?

Guavy AI Editorial Team
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ETH ARKM
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The Ethereum spot ETF has seen over $1.5 billion in net inflows since August 12, marking a substantial amount of capital flow that helped drive up the price of ETH.

According to analytics platform Arkham, BlackRock's clients have purchased over $1 billion worth of Ethereum without any days of net selling, with their ETHA spot ETF purchasing $1.02 billion in just nine days.

This level of demand has been met with aggressive selling pressure, but so far, it seems that the price is being held above key on-chain support levels.

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