The post Ethereum Under Selling Pressure Despite Spot ETF Inflows appeared on BitcoinEthereumNews.com.

Ethereum is trading below the $2,700 price range for the past couple of days.  Ethereum spot ETFs recorded around $500 million inflows since last January, 2025.  Ethereum is going on a downward spiral despite recording a considerable amount of spot ETF inflows in the last few weeks. While Bitcoin is struggling to reclaim its $100,000 mark, the broader crypto market is underperforming for the past few days. Meanwhile, the crypto fear and greed index fell into the Fear zone, recording 35. Ether is trading at $2,642.59 at press time with a 0.25% drop in the last 24 hours. It is recording weekly and monthly price changes of +1.19% and -19.29% respectively. Despite the price drop, the 24-hour trading volume increased by 45%, hovering around $20.5 billion.  Ether recorded a 24-hour low of $2,537.99 and 24-hour high of around $2,663. More than $100 difference between these values indicate the extreme volatility Ether is facing under present market conditions.  Can Ethereum Spot ETF Inflows Bring Back an Uptrend? Ethereum is facing severe selling pressure from traders so much so that its gains from Q4 2024 are already retraced. On the other hand, the token recorded around $500 million in spot ETF accumulation since late Jan. However, they failed to have a significant impact on Ether’s price.  The Matrixport report suggests that there seems to be growing demand from investors when it comes to Ether. Trump’s family project World Liberty Financial is one of the biggest investors of Ether in recent times. Even Eric Trump endorsed Ether investment in one of his recent posts on X.  Another noteworthy mention here is the upcoming Ethereum Pectra upgrade. It could push Ether’s price to higher ranges combined with broader crypto momentum and investor sentiment. Ethereum dominance has already dropped by 10% and without a significant…

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Filed under: News - @ February 10, 2025 5:24 pm