Ethereum price is under pressure due to Bitmine's exit and lack of new funds for the ETF.

ETH6,86%

According to Deep Tide TechFlow news, on November 18, analyst Markus Thielen's latest report pointed out that there were data signal warnings for Ethereum's recent price adjustments.

Since the summer, the price of Ethereum has mainly been supported by continuous buying from Bitmine. As this buying pressure subsides, coupled with the fact that cumulative net inflows into Ethereum ETFs have reached $10 billion and long positions are at a high level, the lack of new capital to take over has resulted in price pressure.

As of now, Ethereum has accumulated a correction of about 10% this year, with a decline of nearly 20% since the risk warning. Analysts also emphasize the importance of relying on data to establish investment advantages.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Charles Schwab Investment Management releases a cryptocurrency investment research report, saying that even a small allocation can increase portfolio risk

Charles Schwab Investment Management published a report stating that cryptocurrency investments do not have a fixed allocation percentage and should be determined based on investors’ goals and risk tolerance. It proposes two investment approaches: return-based and risk-based, and also notes that a modest increase in crypto asset allocation can improve portfolio performance, and that cryptocurrencies can provide diversified returns for traditional asset portfolios.

GateNews43m ago

Schwab’s seven-year stance reversal: Releases a cryptocurrency allocation research white paper

The cryptocurrency asset allocation white paper published by Charles Schwab on April 7 shows that its view of cryptocurrencies has changed. The white paper proposes two allocation strategies based on return and risk, and notes that cryptocurrency assets carry higher risk than traditional assets—even a small allocation can significantly affect portfolio risk. Charles Schwab also plans to roll out a “Schwab Crypto” account that will allow clients to trade Bitcoin and Ethereum directly.

MarketWhisper53m ago

CoinShares: Net digital asset inflows last week were 224 million, with Switzerland in first place and the United States trailing behind

According to a CoinShares report, last week global digital asset investment products saw net inflows of about $224 million. Sentiment improved slightly, but afterward, due to the impact of retail data and rate expectations, capital momentum weakened. Europe performed strongly, with Switzerland contributing $157.5 million. Bitcoin faced selling pressure from miners, with inflows into short Bitcoin products hitting a new high. Ethereum, meanwhile, continued to see net outflows, driven by regulatory uncertainty.

MarketWhisper1h ago

ETH breaks through $2,200; a whale liquidates a $22 million short position with a stop loss, resulting in a stop-loss loss of $1.47 million

Gate News, April 8, according to monitoring by Hyperinsight, the ETH price broke above $2,200. Around 3:00 this morning, a certain whale opened an ETH short position worth $22 million. As the coin price rose, the short position came under pressure; the whale closed the position to cut losses, ultimately recording a loss of $1.47 million. At present, the whale has a buy order for 5,000 ETH, with the order price set at $2,229.

GateNews1h ago

BlackRock withdrew 2,607 BTC and 28,391 ETH from a certain CEX, for a total value of approximately $237 million

Gate News message: On April 8, according to monitoring by Onchain Lens, BlackRock withdrew 2,607 BTC from a certain CEX, worth approximately $178 million. It also withdrew 28,391 ETH, worth approximately $59 million.

GateNews2h ago
Comment
0/400
No comments