Ether Struggles Below $2.4K As Spot ETH ETF Demand Slumps
Cointelegraph
Ether is currently stalling below $2,400 due to weak spot ETF demand and increased exchange supply.Summary
Ether (ETH) has repeatedly failed to break the $2,400 resistance level over the past month. Analysts attribute this stagnation to sluggish spot Ether ETF inflows, which have significantly trailed behind Bitcoin ETF demand. Additionally, reduced leverage in futures markets and a rise in ETH reserves on the Binance exchange have created selling pressure, hindering the asset's ability to sustain a breakout.
(Source：Cointelegraph)