Ethereum Price Rejection Forecasts 13% Crash as ETF Outflows Hit $657 Million

Investors pulled money from Ether funds for a full week, and one day of fresh buying barely dented the losses. BitMine Immersion kept adding coins, but the company is closing in on its own treasury goal. That leaves ETH with fewer reliable buyers just as the chart turns heavy. Sellers defended the long-term average again this week. Traders now want to know whether demand can return before price tests the summer low. Spot Ethereum ETFs bled $657 million over the past week before buyers returned with a $53 million net inflow on Nov 4.

Source: Crypto Daily