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Why Ethereum Shed 15% in a Month Amid a Historic ETF Cash Drain; What’s Next?
Ethereum coin seems unable to stop its negative performance, and it is now trading at 1,678 dollars, showing a more than 5 percent decline. For example, over the last month, this coin has fallen by more than 15 percent. Looking at the last five days, it has lost more than 8 percent. On 19 May, this coin was trading at around 2,100 dollars. But since then, it has shown such a weak performance. However, there are many reasons behind this negative performance. But the biggest reason is the high outflows from spot Ethereum ETFs in the market. Right now, the outflows from these ETFs are increasing very rapidly. For ... (full story)
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