Ethereum Rally Slows as ETF Demand Drops and Whale Transfers Increase
Ethereum's recent price rally is losing steam due to declining demand for Ethereum ETFs and increased whale transfers to exchanges.
The decline in ETF inflows from a peak of $234.5 million on August 27 to $87.7 million by August 31, as well as the halving of ETF trading volume, are contributing factors.
Large holders moving significant ETH amounts to exchanges suggest potential selling pressure and may lead to further price corrections.
Despite these short-term headwinds, Ethereum's structural demand remains strong with lower exchange reserves and improved ETF inflows in August, indicating sustained investor interest.