📊 ETH Price Takes a Hit: Ethereum ( $ETH ) has seen a 12% decline over the past week, currently trading around $3,342. This drop follows a US Federal Reserve rate cut and a slump in spot ETH ETF performance, raising concerns about sustained investor interest.
💼 Spot ETH ETFs Face Outflows: Spot Ethereum ETFs recorded $135M in net outflows across December 19–20, ending an 18-day streak of positive inflows. BlackRock's ETHA fund led the decline with a $103.7M outflow, while Fidelity (FETH) and Grayscale (ETHE) posted modest gains.
📉 Investor Sentiment Wanes: The ETH ETFs' lackluster performance reflects a broader trend in crypto ETFs, with spot Bitcoin ETFs also recording $276M in net outflows last Friday. This shift indicates cooling investor sentiment across digital asset products.
🔑 Weekly Net Inflows Remain Positive: Despite two consecutive days of losses, Ethereum ETFs still managed to close the week with a net inflow of $62.73M, marking the fourth consecutive week of positive totals—a small silver lining amid the market downturn.
🔥 Path Forward for ETH Price: For Ethereum to regain momentum, ETF inflows need to return to positive territory. Investors will closely watch ETF activity as a potential indicator of market recovery and future price movement.
📌 Conclusion: While Ethereum faces short-term headwinds, ETF performance and macroeconomic conditions remain key drivers for its price trajectory. A return to strong ETF inflows could provide the boost ETH needs. 🚀📈
Top comments (0)