Etherum Etfs Shed astt as Eth / BTC Prices Plomets

Spot Etferum Trade Store Store State Medium Seems as an understanding of the United States and its price.

Sassoved The data show that this place is Etherum (El) Etfs Shede Sreds in the last seven consecutive weeks. Last week, they had net outflows of $ 82.4 million, bringing a cumulative inflow to $ 2.2 billion.

All ETF’s ETFs now have only $ 5.25 billion of property, with black-haired Etom and gray Etom water with $ 1.85 billion. The Eth Mini Fund is followed by $ 711 million, while Fett Fett Fett Fett has $ 580 million.

In contrast, Spot Bitcoin ETFS goes better, with your cumulative outflows to over $ 35 billion and total assets at $ 93 billion.

Etherum ETFs shed property due to their performance. The ETE price fell by almost 62% of the highest points in November last year in the current 1,655 dollars.

Unlike bitcoin (Btc), which has increased this year to a new all the time, Etherum remained significantly lower than its all times of $ 4,872. Worse, $ 1000 in Ethereum in 2022. It would now be worth $ 745, while a similar amount assigned to Bitcoin any $ 1,400.

Etherum faced several challenges in the past. The most important thing is to face a significant competition with networks-1 and layers-2 networks. Some of the most prominent competitions are from Solana (Salt), Base, throne (Twitch) and arbitrum (Bow).

This competition means Etherum is no longer the most profitable chain in the crypt industry. Data showing That other popular chains and applications like Unisvap, Jito and Solana passed this year.

Technical analysis of Etherum

Although the ET price in the conditions of USD looks bad, ET / BTC is worse. The weekly chart above shows that ETH / BTC pair was in strong parties, moving from 0.088 in 2021. To 0.0188 today. He collapsed at the lowest point in five years while the dominance of Ethereum faded.

The pair remains much lower than all the moving average, while the average directional index rose to 44. ADKS is a popular indicator used to measure the trend power.

Therefore, the pair is likely to continue that the sellers are targeting key support at 0.016, the lowest level in September 2019. years, down for 92% from the current level.