Ethereum ETFs bleed $1B in three weeks as ETH tests $2,410 support
- —Weekly ETH ETF outflows hit $319.97 million, following $138.02 million and $542.07 million
- —Cumulative net inflows into ETH ETFs dropped from $13.94 billion to $12.94 billion
- —A trader was liquidated on a 3,206 ETH long near $2,355.97, losing $286,767
- —A 4-hour close below $2,404 would open the path to $2,350 and $2,320
Why it matters: Persistent ETF outflows strip ETH of institutional demand, leaving the asset more reliant on retail buyers and vulnerable to a support break at $2,410.
Source: AMBCrypto