00:01
10x Research: ETH falls below short and medium-term moving averages, with ETF net outflows exceeding $1.4 billion in a single week.
Odaily News According to 10x Research analysis, ETH has now fallen below the 7-day and 30-day moving averages, with a bearish technical pattern, and a decline of 6.6% in the past week. Meanwhile, ETH ETF has seen a net outflow of over $1.4 billion, with on-chain long-term holders holding for 3-10 years selling at the fastest pace since 2021, creating additional supply pressure. Despite the increased selling pressure, large addresses are reverse accumulating during the decline, with multiple whales accumulating over $1 billion worth of ETH.
ETH-0.53%
- 1

