On Tuesday, the data for $ETH was not good either, but from a funding perspective, the outflow of funds for ETH was still lower than that of $BTC, which is somewhat comforting. It still indicates that investors have a more optimistic sentiment towards ETH. On Tuesday, BlackRock's investors slowed down their outflows, while Fidelity's investors remained the main force in selling. Overall, the total amount of selling was relatively good, lower than the data from Monday.
From the current overall trend, although ETH has dropped more in the last two days, it is evident that when it rebounds, ETH shows stronger momentum. Investors still have strong expectations for ETH.
This article is sponsored by #Bitget | @Bitget_zh
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