Analyst: The current price level of ETH worth paying attention to is $1800, ETF outflows limit market recovery
Odaily Planet Daily reports, analysts say that the downward trend of ETH is driven by global uncertainty caused by US import tariffs and concerns about trade wars, as well as a lack of builder activity on the Ethereum network. He explained: "For ETH, $1,800 will be a strong level to watch. However, the current sell-off is not only happening in ETH; we also see adjustments across the entire market because worries about tariff impacts have hit all risk assets."
Stella Zlatareva, an analyst at digital asset investment platform Nexo, said that challenges facing Ethereum have further intensified. The continuous outflow of funds from Ethereum ETFs has limited the price recovery of this asset and added: "ETH fell 20% last week causing its price to break through the key $2,200 trend line which has supported its bull market recovery since 2022. Like Bitcoin, moderate price trends may be attributed to ETF fund outflows."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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