⚠️ ETH is under pressure! ETF has seen seven consecutive outflows, but whales are still "quietly buying up"
Due to geopolitical tensions and weak market sentiment, Ethereum (ETH) has dropped about 4% in the last 24 hours, with the weekly decline expanding to about 6%.
📉 Institutional demand is sluggish: The U.S. spot ETH ETF has seen outflows for 7 consecutive days, totaling nearly $392 million, with retail interest also cooling down.
🐋 Whales are taking the opposite action: On-chain data shows that whales are still continuously increasing their holdings, with derivatives exposure reaching about 14.7 million ETH.
📊 Key technical levels: ETH is currently priced at about $1981, below the 20-day moving average. Short-term support is at $1911, resistance at $2108.
The battle between bulls and bears is intensifying; do you see a rebound or continued bottoming out?👇
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