Ether Leeum’s price measures have fallen rapidly after reaching $ 4,776 for many years. And I’m fighting against it “Active Realization Price” level on August 14. The second largest cryptocurrency is I have been selling In the last six days, the price has dropped to $ 4,074 over the last 24 hours. Declaration is happening with institutional investors who have begun to attract money from Spot Ethereum ETF at record speed. This is more than $ 4,800 of Ether Leeum’s priced sustainability, and there is a suspicion of a new highest record.
I picked $ 423 million a day
According to SOSOVALUE data, Tuesday, August 19 was one of the worst days of Spot Ethereum ETF, headquartered in the United States. In particular, about $ 423 million withdrawal from a single session, the second largest daily leak was made since the fund was created. The only larger exodus was leaked at $ 465 million on August 4th.
Among the publishers, Grayscale and Fidelity led the exodus with $ 120 million and $ 143.2 million, respectively. Blackrock’s flagship Ishares Ethereum Trust (ETHA) saw a stake from $ 3.6 million ET (about $ 15.8 billion) to about $ 147 billion on Tuesday.
Since Ether Lee has already slipped from the recent highs, the timing of the wave of the withdrawal in the last 24 hours could not be damaged. The leakage immediately amplified the downward pressure in the market, and the Ethereum collided to less than $ 4,100.
The number of leaks on Tuesday was not an isolated event, but the peak of the expanded outflow trend over three consecutive trading sessions. On Monday, Spot Ethereum ETFS leaked $ 160 million, one of the highest daily exits since its launch. This came out shortly after the leak of $ 59 million on Friday, which was over. In just four days, these withdrawal drained more than $ 670 million from the Spot Ethereum ETF.
Record the inflow with a quick reversal
SPOT ETHEREUM ETFS in eight trading sessions that run until last Friday I attracted an unprecedented person On August 11, $ 3.7 billion in $ 3.7 billion, exceeding $ 1 billion. The surge in demand was an important factor of Ether Lee’s rally, $ 4,776 high, and Prediction with it The $ 4,800 level can soon be violated.
At the time of writing, Ether Leeum was traded for $ 4,167, and it rose slightly to $ 4,070. In terms of the percentage point, major cryptocurrency has decreased 1.3% in the last 24 hours and 10% in the last seven days. Major Altcoin is now witnessing the seller’s rule with warm chain data. Show hedge funds In the last seven days, we have doubled almost short positions.
The leakage wave of the Spot Ethereum ETFS has a significant impact on Ethereum’s short -term price outlook. If the exodus continues, you can do Etherrium. Struggling to maintain the footsteps Go back to the mid -3,000 -dollar support level of more than $ 4,000.
Pixabay’s main image, TradingView.com chart
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