Ethereum holds below $2,500 as ETF outflows stretch to nine days
- —ETH open interest briefly hit 13.29 million ETH before retreating to 12.83 million as shorts built up
- —US spot ETH ETFs posted $56.1 million in net outflows on Thursday, a ninth consecutive day
- —Weekly ETH ETF outflows exceeded $542 million, the largest since January
- —ETH long liquidations reached about $400 million over Wednesday and Thursday, outpacing Bitcoin
Why it matters: US selling pressure and weak derivatives keep ETH below $2,500, with the 100-day EMA near $2,344 as the key support to watch.
Source: FXStreet Crypto