Ethereum ETF Pulls $221M as ETH Eyes Another Breakout
Ethereum ETF Pulls $221M as ETH Eyes Another Breakout
Fewer ETH sitting on exchanges can reduce immediately available selling supply. Combined with stronger ETF demand, that creates an interesting setup if buying pressure continues.
The big question now is whether Ethereum can turn this ETF momentum into a sustained breakout as the $2,400 area is the next obvious test. If ETH clears it decisively while ETF inflows remain strong, the market could start looking toward the next major resistance levels.
For now, the message from Wall Street is getting louder: institutions are buying the dip, and Ethereum is listening.
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This article has been published in cryptonews.com via Yahoo News.
Ethereum ETF Pulls $221M as ETH Eyes Another Breakout
Ethereum is back in the spotlight after U.S. spot Ethereum ETF pulled more than $220 million in fresh capital on August 20. The funds recorded more $219 million in net inflows, extending their winning streak to four consecutive trading days. BlackRock’s ETHA once again dominated the session with...
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