Ethereum ETF Inflows Plummet as Buy Zones Emerge

ETF inflows into Ethereum (ETH) against the US dollar (USD) have seen a sharp decline, according to recent data. On Tuesday, the figure dropped to $9 million from $88 million on Monday and $102 million just three days prior.

This significant drop in ETF-driven capital raises questions about investor sentiment towards Ethereum in the current market. Analyst Michaël van de Poppe identifies buy zones for ETH/USD spot CFDs at $2,355 and $2,300, with a longer-term entry point at $2,200.

Van de Poppe's analysis suggests that Ethereum is targeting a move to $3,000 in the future. However, this prediction remains subject to market conditions and potential fluctuations.