Ethereum’s Price Rebounds Slightly, But Challenges Persist
Ethereum’s price has seen a slight recovery recently, but it’s still below a critical resistance level. As of now, ETH is trading around $1,940.57, up from this month’s low of $1,762. However, the second-largest crypto is still in a bear market, down over 53% from its December peak.
Several factors are contributing to this bearish trend. the ongoing market uncertainty,partly due to President Donald Trump’s tariffs,has kept many investors on the sidelines. This hesitation has led to a continued sell-off in both crypto and stock markets.
Third-party data reveals that Wall Street investors are offloading their Ethereum etfs. SoSoValue reports that all Ethereum ETFs lost over $143 million this week, up from $119 million the previous week. This trend has been ongoing for three weeks, with a total net outflow of $2.56 billion. Grayscale’s ETHE holds the most assets, at $2.35 billion, followed by Blackrock’s ETHA with $2.1 billion. The total assets in all Ethereum ETFs are now at $6.6 billion, significantly less than Bitcoin’s $93 billion. The sell-off has been significant, with a $143 million drop this week alone. This decline reflects a sign of more price drops ahead. If ETH falls below this month’s low of $1,762, it could confirm this bearish outlook.
