Bitmine Ether buys eclipsed by $345M ETH ETF $345M outflows: Is sub $1.5K next?
Tokenization and RWA TVL growth highlight Ethereum’s fundamentals, but stagnant DApps and spot ETF outflows keep the pressure on ETH price.
Key takeaways:
Ether (ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market’s downtrend. Lower oil prices created a positive tone that fueled investors’ hopes for more expansionist monetary policy. That setup favors stocks and pushes bond yields higher.
Traders now fear that ETH will not hold the $1,500 support level for long. Spot Ether ETF outflows void the impact of accumulation from Ether treasury companies.
