Ethereum Spot ETFs Witness First Outflow in 18 Days

Ethereum spot exchange-traded funds (ETFs) reported a net outflow of $60.47 million, breaking an 18-day streak of continuous inflows. This marks a notable shift in market sentiment for Ethereum, the second-largest cryptocurrency by market capitalization.

The sudden outflows highlight growing caution among investors as the cryptocurrency market grapples with persistent volatility. Analysts note that market participants are closely observing critical support levels and macroeconomic developments that could shape future price movements.

This downturn in inflows reflects a cooling in investor confidence, pointing to heightened prudence in the near term. With concerns over broader economic factors and the potential for further price declines, caution appears set to dominate the cryptocurrency landscape in the coming weeks.

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