Ethereum ETFs sell pressure might be slowing down, paving the way for some bullish relief. However, our ETH assessment reveals that demand...
If you have been wondering why ETH has been having a hard time taking off despite Ethereum ETFs approvals, here’s an in-depth look.ETFs were off to a rocky, yet unsurprising start, with noteworthy outflows registered in the first few days. Conversely, new data indicates that the tides might be about to change.
The positive Ethereum ETFs flows alone may not necessarily support a bullish outcome. The cryptocurrency has been experiencing some bullish relief in the last five days of July. ETH’s bullish relief could also be fueled by more optimism as the 20-day Moving Average indicator crosses above the 50-day MA. This crossing is often translated as a bullish sign.
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