The post How Deep Can ETH Price Fall Before the Next Reversal? appeared first on Coinpedia Fintech News
ETH price has entered a critical phase after sharp ETF outflows and widespread liquidations drove Ethereum into a deeper correction. The asset’s decline of nearly 30% from its yearly peak has put traders on alert, though accumulating whales and on-chain signals suggest potential recovery zones forming ahead.
Major ETH ETF Outflows Add Selling Pressure
Over the past four active ETF days, all nine ETH ETFs have reportedly been responsible for notable capital outflows, which have weighed heavily on sentiment. Per farside, from October 29th to November 3rd, Ethereum ETFs collectively saw continuous withdrawals, with the most latest single-day outflow of $135.7 million recorded on November 3rd. Where BlackRock sold $81.7 million worth of ETH, amplifying selling pressure across institutional desks.
$ETH ETF outflow of $135,700,000 yesterday.
BlackRock sold $81,700,000 in
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