Ethereum Tries to Reclaim $2,550 but Whale Demand Stays Absent
- —ETH trades at $2,561 after a 24-hour range of $2,495–$2,567
- —Spot ETH ETFs saw $56.1 million in outflows on the ninth straight day, $565 million over seven sessions
- —Exchange ETH reserves rose 132,000 in a week and 233,000 in two weeks
- —ETH liquidations hit $48.25 million in 24 hours, with 79.1% in shorts
Why it matters: A rally without large buyers, amid ETF outflows and rising exchange reserves, may prove a short-term bounce rather than a trend reversal.
Source: Blockmedia