Ethereum Price to Give Breakdown Another Go as ETH ETF Outflows Near $300 Million

Investors kept pulling money from US spot Ether funds this week. A large BlackRock transfer to Coinbase Prime added to the unease, though on-chain data does not confirm a sale. The outflows matter because fund demand helped carry ETH higher last year. Now that support is fading as price slips under a key long-term average. Traders now want to see whether buyers can reclaim lost ground before sellers test the next floor. Investors pulled about $1.3 billion from US spot Bitcoin and Ethereum ETFs across the Oct 30 and Nov 2 sessions.

Source: Crypto Daily