ETH to drop in the next 24 hours - bearish trend
Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days.
The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust,
ETHE, which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, 
ETH, which has seen inflows of $119 million over the past three days.
BlackRock’s ETF,
ETHA, leads the inflow ranking with $355 million in inflows over the past three days.
The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market.
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The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust,
ETHE, which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, ETH, which has seen inflows of $119 million over the past three days. BlackRock’s ETF,
ETHA, leads the inflow ranking with $355 million in inflows over the past three days.The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market.
Follow us for more crypto news and weather reports!
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