Crypto
ETH Price at Risk as ETF Outflows Trigger Bearish Warning Signs
Ethereum's price has reclaimed $2,400 after a brief dip, but analysts are sounding cautionary notes about the potential for further decline.
A recent outflow of $48 million from U.S. spot Ethereum ETFs has raised concerns that the cryptocurrency may struggle to maintain its current price levels.
According to crypto analyst Ted, if ETH falls below $2,350 on a weekly basis, it could lead to a further decline to $2,200, representing a significant correction from current prices.