Grayscale ETHE: Posts $16.7M Outflow
Grayscale's ETHE sees $16.7 million outflow in latest Ethereum ETF flows, amid ETH price at $2343.16 and bullish trends.
SourceAnalysis
Grayscale's ETHE Ethereum ETF recorded a daily outflow of -$16.7 million, according to data from Farside Investors, signaling continued investor shifts in the Ethereum ETF flows landscape as spot products gain traction over the past six months.
Zooming into the 4-hour ETH chart, price action holds firm at $2343.16 within a bullish structure, comfortably above the EMA50 at $2272.2 and EMA200 at $2159.81, which act as rock-solid long-term supports; yet the MACD screams caution with a bearish death cross at 25.9, while RSI sits neutral at 56.82, and volatility squeezes inside Bollinger Bands—price tests the upper resistance at $2400.12 but could retrace to the lower support of $2287.64 for exhaustion before resuming upside, especially if Bitcoin (BTC) momentum spills over into ETH price prediction plays amid ongoing crypto market trends.
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