The whale is growing under pressure to sell the atherium, with the ETH and Spot Atherium ETFs continue to report large net outflow.
According to Sosovalu dataThe US Ethherium (Ath) spot ETFS watched $ 94.3 million in pure outflow on 26 February. Blackrock led the outflow with $ 69.7 million, followed by $ 18.3 million with Fidelity and $ 3 million with Grassscale. In the last one week, the total pure outflow has reached $ 222 million.
The ETH has fallen 5% during the last 24 hours, trading at $ 2,340 at the press time. According to coinglass, in 24-hour liquidation Total $ 127.93 million. Weak DEFI activity and liquidity are also closed to the total value of the atherium, which is Fallen $ 51.5 billion since November 2024, lowest level.
Increasing whale activity is adding under pressure. Blockchain analytics firm Lukanchen identified and marked two important transactions on 27 February. These included 8,074 ETH sales of $ 19.63 million and $ 23.44 million deposits of 10,000 ETHs. Large holders are likely to exit their positions.
Former US President Donald Trump reiterated plans for 25% tariffs on imports from the European Union, as the sale-handing market coincides with the upheaval upheaval, leading to volatility in the cryptocurrency markets.
The latest baibit hack, which was $ 1.4 billion, has added negative feelings. Despite the damage, some analysts expected that the large -scale acquisition of ETHs of the bibit to compensate for the loss would increase the price of the atherium. However, selling pressure has overtaken the expectations of any speed.
The atherium may get support from two important developments, despite the current recession approach. If the Securities and Exchange Commission approves stacking for Etherium ETF, it can strengthen the position of the atherium as a long -term investment property.
In addition, on 8 April, the much awaited pectra upgrade is ready to go to live. Executive improvements in network scalability and efficiency may be attracted to new developers and investors, acting
