Ethereum's rebound stalls near $2,500 as Bitfinex longs defy $542M ETF outflows
- —Weekly spot ETH ETF outflows stand at roughly $542 million
- —Bitfinex longs rose to 283,405 ETH as traders bet on a rebound
- —ETH open interest totals 10.58 million ETH, worth about $12.9 billion
- —RSI above 82 signals overbought conditions and liquidation risk
Why it matters: A breakdown below $2,408 could expose $2,350–2,400, while reclaiming $2,560 would signal returning demand and open the path to $2,625.
Source: AMBCrypto