Crypto
Ethereum Price Drops as ETF Withdrawals Weigh on Market
Ethereum's price is under pressure after heavy withdrawals from U.S. Ethereum exchange-traded funds, leaving traders wondering if the latest rebound can hold or another leg lower comes next.
The $224 million in net outflows on September 16 has added to the selling pressure, with some analysts predicting a retest of $2,300 if selling continues.
DigiTap's live app and presale have drawn attention away from Ethereum, offering a different entry window at $0.0589 for those looking to buy into the token.