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Ethereum declines amid ETH ETF outflows and potential whale dump

FXStreet broadcast about Ethereum. Ethereum declines amid ETH ETF outflows and potential whale dump- Ethereum ETFs recorded $77.3 million in net outflows on Wednesday.
– Wallet related to Elwood Technologies has moved 19,500 ETH to Binance within the past two days.
– Ethereum could bounce off key support level to set new yearly high.

Ethereum (ETH) is down 6% on Thursday following huge exchange deposits by Elwood Technologies and net outflows across ETH ETFs.

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This news story falls under the following sentiment:

  • Negative
     
     


     
     


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      News seen on: FXStreet
      Description of news source: FXStreet is a leading source for reliable news and real time Forex analysis. FXStreet offers real-time exchange rates, charts and an economic calendar.

           
           


           
           


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        Blockchains

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        Ethereum, FXStreet

        Listing ID

        WCN01196