Look, Ethereum‘s been acting like a moody teenager lately. Goes up, goes down, then kind of recovers like it’s trying to impress someone. Broader market chaos? Check. August starting off with a crash? Check. But somehow, Ethereum’s holding it together-like that friend who refuses to admit they have a problem, no matter how obvious it is.
Now, about those ETFs-oh boy. They’re throwing a tantrum, with the biggest one-day outflow in over a year. Over $465 million just vanished into thin air, as if someone finally realized, “Wait, can I really trust this stuff?” And then on Friday, just to keep things interesting, another $152 million took a hike. Total for August? An eye-waterin’, mind-bogglin’ $617 million. That’s not just a bad week; it’s like the Titanic hitting an iceberg, but instead of sinking, Ethereum just shrugs and goes, “Meh.”
Ethereum ETF Outflows Peak
It’s the biggest floodgates since these ETFs started-like a money leak in the Titanic’s hull, but the ship’s still floating. Investors? Looking cautious. Global chaos? Trying to scare everyone. But despite the cash running out like there’s no tomorrow, this isn’t steering Ethereum off course. Funny, huh?
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And get this-while everyone’s freaking out about money disappearing, Ethereum’s still hitting some high notes. The MVRV Long/Short thingy? Seven months high. Basically, the long-term holders, the OGs, are sitting pretty, making profits, sipping coffee, and probably laughing at all the fuss.
They’re not rushing to sell, unlike the ETF traders who are sweating bullets. These LTHs are like the steady hand on a roller coaster-keeping the price from doing a nose-dive, even when investors are losing their minds.
Ethereum Price: Just Chill, Will Ya?
Ethereum’s up 4.85% in a day, trading at a smooth $3,665-nothing too scandalous. It’s hitting resistance at $3,742, which sounds like a fancy barrier before making a run at the big $4,000 goal. But don’t get too excited yet; it’s probably gonna bob around between $3,742 and $3,530-like a boat waiting to see if the storm passes or if it’s time to go under.
If the selling spree keeps going, or those ETF cashouts won’t stop, brace yourself-price might slide below $3,530 and stumble toward $3,367. That’s not a good look, and it might mean the market’s ready for a bigger crash. Or maybe just a really bad day.
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2025-08-05 16:03