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Ethereum price at risk as smart money selling coincides with weak technicals
There are signs that institutional investors are actively selling their Ethereum holdings, a sign that they expect the price to move lower in the near term. Data shows that spot Ethereum ETFs have suffered outflows in the last 11 consecutive days. They had over $6 million in outflows on Friday, bringing the monthly outflow figure to $300 million. These funds had over $355 million in inflows in April after experiencing outflows for five consecutive months. As a result, the cumulative net inflows have dropped to $11.6 billion. Similarly, Ethereum has had staking outflows of over $140 million in the last 30 days. Some ... (full story)
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