ETH ETFs Bled 23 Days. Price Barely Flinched 👀
$ETH has seen money leave US spot ETFs for 23 trading days in a row. That’s the longest streak since they launched. And price is still sitting around $2,270.
That’s the part messing with my head. I expected a waterfall. Instead it just chops.
Here’s how I read it: sellers are leaving, but nobody is kicking the door down. Sentiment is in fear territory, and nervous markets can snap either way.
The $2,300 zone was the support everyone was watching. Now it’s the line ETH has to win back, with the 200-day EMA sitting right around $2,320. Below us, I’m watching the recent sweep low near $2,280, then $2,200.
My scenarios: a daily close back above $2,320 opens the road toward $2,450. Rejection under $2,300 while outflows keep printing makes $2,200 the next stop.
My rule for days like this: trade the level, not the headline. Flows tell you the mood. Price tells you the truth.
So where are you? Buying ETH dips here, or waiting for the outflow streak to break first?
Personal view, not financial advice. Crypto is volatile, do your own research.
Disclaimer
Personal view, not financial advice. Crypto is volatile, do your own research.
