MultiversX Tracker is Live!

ETH nears $3K after cool CPI print but $553M Ether ETF outflow raises alarm

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 169 Views

ETH rebounded toward $3,000 as stocks reacted positively to a cooler-than-anticipated CPI print, but this week’s $553 million spot ETHER ETF outflow could keep a cap on prices.

Key takeaways:

US-listed Ether ETFs saw heavy outflows, signaling fading institutional interest as network fees, staking and leverage demand declined.

ETH futures premiums and open interest declined, indicating cautious positioning and limited confidence, without a clear shift to outright bearishness.

Read more


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments