The price of Ethereum decreased to 2600 dollars, but ETF flows rose two months

Etherum Price has seen a significant contraction, as it decreased to the lowest level in eight weeks at $ 2600. The sharp decline has led to heavy losses to ETH holders.

However, institutional investors view this as an opportunity to buy and benefit from low prices in anticipation of the restoration of the potential market.

Ethereum momentum losses

Ethereum Offer in profit He decreased sharply, has decreased by 32 % over the past two months. Previously, 97 % of ETH holders were in profit, but this number now decreased to only 65 %.

The decrease has led to the strengthening of a negative feeling among merchants, with poor performance in Ethereum compared to encrypted currencies with other large clouds.

Fear, uncertainty and suspicion (FUD) sold retail investors from their possessions, which contributed to more negative pressure. However, market courses often lead to unexpected repercussions. If the broader encryption market stabilizes, Ehth can see a surprise It bounces where investors benefit in the long term from the reduced prices.

Although ETHEREUM price decreasedIt seems that institutional investors accumulate. the We have an ethereum etf spot The market recorded the highest day flow in two months, with 89290 ETH at a value of $ 236 million that entered money earlier this week.

This indicates that institutional investors see the current ETHEREUM price as an attractive entry point.

The accumulation is widely at low levels that long -term investors remain confident in Altcoin. While short -term price movements remain volatile, continuous institutional flows can provide support for ETH. It can help stabilize the ETHEREUM price in the coming weeks.

ETH price prediction: Restore support and recovery

Ethereum price decreased 20 % during the past week, is currently trading at $ 2,608. The cryptocurrency retains the level of decisive support of $ 2,546 after losing the support of $ 2,698. This decline has left ETH in a weak position, as investors closely monitor the price procedures for more movement signs.

Current market conditions are mixed signals, making Ethereum vulnerable to long unification less than $ 3000. A possible recovery can begin if ETH regains $ 2,698 support.

Until then, the price procedure may remain linked to traders as traders evaluate the direction of the market.

However, if Ethereum failed to keep it The support level of $ 2,546, can deepen the declining direction. The additional decrease may lead to sending ETH to $ 2,344, which nullifies neutral upholstery and expanding investor losses.

This would enhance a declining feeling, which may delay any significant recovery in the short term.