When will it be good to buy spot ETH in short-to-medium term?

in H4LAB Research • last month (edited)

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Source: Coinglass

It's been a week since spot ETH(Ethereum) ETFs begun trading in the 🇺🇸. Nevertheless, ETH price has been consolidating.

The main reason is the massive sell pressure from ETHE by Grayscale. The ETHE charges 2.5% of fee. Compared to other ETFs' fees, it's much expensive. So, there's no reason to keep holding their capital into the ETHE.

I think the outflow of the ETHE will stop someday. Then, the total net ETH inflows will be plus, and the sell pressure won't be burden for ETH price.

Take a look at the table. Other spot ETH ETFs have been stacking tons of ETH, which means the Wall Street is like a black hole absorbing spot ETH now.

I'm waiting for that time 🙏

#eth #ethereum #spot #etf
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    This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex

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    Upvoted! Thank you for supporting witness @jswit.

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      Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Visit https://botsteem.com to utilize usefull and productive automations #bottosteem #upex

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