Ether whales prepare for big price movements
On June 6, Ethereum spot ETFs recorded a net inflow of $25.22 million, extending their streak to 15 consecutive days of positive inflows, according toCombined, all U.S.-based spot Ethereum ETFs have now attracted over $281.07 million in inflows over the past week, significantly outperforming Bitcoin ETFs, which experienced $128.81 million in net outflows during the same period.
Since then, the price has dipped, with ETH currently trading at $2,495 and seeing a 44% drop in trading volume.However, unless volume picks up, the likelihood of significant price moves remains low in the near term. For now, all eyes remain on Ethereum’s ETF-driven momentum as investors wait to see if it translates into lasting price strength.
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