Ethereum Slips Below 50-Day SMA as ETF Outflows Add Selling Pressure
- —ETH trades below its 50-day SMA, with the average closing price now above spot
- —Ethereum ETF outflows hit their highest weekly level since January
- —A decisive close below the level risks triggering stop-loss clusters and algorithmic selling
- —A recovery requires ETH to reclaim the SMA on above-average volume for two consecutive closes
Why it matters: The SMA breach combined with sustained ETF outflows raises the odds of a test of lower support and a wave of long liquidations.
Source: Coincu