ETH Market Plunges, ETF Outflows

This is a news story, published by CoinGape, that relates primarily to Ethereum news.

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Ethereum ETF Outflows

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ETH selloffs

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Ethereum ETF Outflows Worsen Amid Whale Dump, ETH Price Flashes Sell Signal

Summary

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71% Informative

On August 15 , spot Ethereum ETFs experienced a total net outflow of $39.2 million , a clear indication of investors’ waning confidence in the crypto’s short-term prospects.

This development comes at a crucial juncture, with analysts pointing to technical indicators that suggest further downside potential.

A whale sold 2,978 ETH , adding to bearish sentiment in the Ether market.

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English

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