Ethereum news today on April 5! Shock!

Welcome 👏 to join the circle tail 🌍wdnz19998
The plunge mentioned in the previous article! It has been verified!

At present, Ethereum has entered the daily adjustment from the hourly level. It will be an adjustment stage for some time in the future to avoid the occurrence of black swans. Those with low risk resistance will still focus on spot. We all know that this year is not calm, and it is normal to have big winds and waves during the period! We must select high-quality assets and wait for the sprint!
We have entered the first stage of adjustment in the bull market! Where will it adjust to?
Ethereum is currently 3278
Yesterday's pressure level of 3500 did not break through!
The weekly trend line has not been broken at present
If it falls below the trend line in the next half month
It will enter a long adjustment trend
At this position, let's see if it can hold up!
Now, the next support level is around 2900
The previous view remains unchanged!
Because you can see it!
Since everyone can see it,
Will it go this way?
Let's look forward to it together!

At present, the new weekly line is negative this week!
Wait for the weekly line to close this week!
Bull market thinking!
Every big pullback is an opportunity to get on the train!
Find a position that suits you!
Hold it and wait for the departure!
During the bull market, the roller coaster is very exciting!
It is very exciting in the middle, and the focus is very beautiful!
The above is purely personal opinion!
Because the mentality is different, the operation is of course different!
Do a good job of risk control for your own operation!
Everyone's stress resistance is different!
Everyone's situation is different!
I still hold my spot wife!
I still have some bullets! Waiting for opportunities!
Because only spot, when facing the roller coaster!
Will be better calm!
Wait for the wind to come!
Quietly wait for the dawn after the storm!
Like spot, spend this bull market together, Tunniu market spot click on the avatar, follow me, face fans, share for free, only be a free blogger, only to increase fans, follow me for free, enter ~ circle!
Which one do you like, Bitcoin or Ethereum?
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#大盘走势 #ETH🔥🔥🔥 #ETHE $ETH

**Grayscale's Conversion of Ethereum Trust to ETF** 🔄: Nate Geraci, CEO of ETF Store, a U.S. ETF specialist, highlights that the move made by Grayscale is aimed at converting the Grayscale Ethereum Trust (ETHE) into an ETF. Grayscale officially applied for the conversion of ETHE into a spot ETF on the 2nd, and ETHE currently stands as the world's largest Ethereum investment product, with operating assets of around $5 billion. 📑🚀 #Grayscale #ETHE #ETFConversion 📢💰

📊 #Kaiko : Grayscale’s #ETHE has lagged $ETH in recent months as hopes of spot Ethereum #ETF approval in the US fade

Here's the Analysis of #LPT
#LPT moving nearby the Major Resistance Area of $21.50 - $22.15 and moving within the uptrend channel pattern. Currently, price testing the channel as support and expected a bounce from here, so you can plan the setup as target $26.00 or $27.20 area $LPT #ETHE TFsApproved #FIT21 #EarnFreeCrypto2024 #PEPE‏
#btc 70k

📊 The nine spot $ETH ETFs experienced $33.67M in inflows on Tuesday.
#Grayscale Ethereum Trust (#ETHE ) saw $120.28M in net outflows.
The total daily trading volume for these products was $563.22M, a decline from $773.01M on Monday and $933.86M on Friday.

#EthereumETF #ETHETFS #TrendingTopic

📈 The new US #Ethereum ETFs saw a net inflow of $106.7 million on their first day of trading.
Meanwhile, the #Grayscale Ethereum Trust (ETHE) experienced an outflow of $484.9 million on the same day, equating to 5% of the fund that was once valued at $9 billion.

$ETH #ETHE #ETH_ETFs_Trading_Today #EthereumETF

📉 $ETH #EricBalchunas : Ethereum #ETF's Went Backward in First Month.. flows -$476m as the newbies couldn't cope with the Grayscale ETF (#ETHE ) outflow, too powerful a force (this is why I reiterated how heroic the New Nine bitcoin ones were).

But there is light at the end of the tunnel, and capital outflows from ETHE will decrease in the future.

🚨 News Alert 🚨

⚫ Ethereum Spot #ETFs Witness $163M #Outflow on July 26, #Grayscale's ETHE Suffers $356M Withdrawal
⚫ On July 26, Ethereum #SpotETFs experienced a significant net outflow of $163 million
⚫ The Grayscale Ethereum Trust ETF #ETHE saw a particularly large single-day withdrawal of $356 million, marking a notable shift in investor sentiment

🌐 Source: The Coinbase

Ethereum Spot ETFs Experience First Zero Net Inflow Since Launch 😱

On August 30, Ethereum spot #ETFs recorded a total net inflow of $0.00, marking the first time in 30 trading days that there was no net inflow.

Grayscale’s Ethereum Trust ETF (#ETHE ) and Ethereum Mini Trust ETF both saw no net changes in inflows or outflows. The total net asset value of Ethereum spot ETFs stands at $6.971 billion, with a cumulative net outflow of $477 million to date.

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#Binance
#crypto2024

📊 #YCharts : Grayscale Ethereum Trust's (#ETHE ) discount to net asset value (NAV) has turned into a premium (0.31%) ahead of the expected launch of a spot $ETH - #ETF .

The virtual currency market has more and more Wall Street funds. Invesco 100 #QQQ and S&P 500 #SPY can very directly reflect the actual situation of the world's top technology companies. At this special moment on the eve of the election, it can be confirmed that the US capital market and expectations are still optimistic. The situation of Grayscale's two virtual currency funds #GBTC and #ETHE is for reference.

📊 The nine U.S. spot #Ethereum ETFs saw $98.29M in outflows on Monday, marking the fourth consecutive day of negative flows.
#Grayscale Ethereum Trust (#ETHE ) led with $210.04M in net outflows.

#EthereumETF #TrendingTopic

Supply Shock in Ethereum: Could Destroy the Fate of Altcoins.

Since the approval of spot Ether exchange-traded funds (ETFs) in the US on May 23, there has been an outflow of more than $3 billion worth of Ether from centralized crypto exchanges; This signals a possible upcoming supply squeeze.

According to CryptoQuant data, the amount of Ether on exchanges dropped by approximately 797,000 between May 23 and June 2; This is equivalent to $3.02 billion. The amount of Ether on exchanges dropped by approximately 797,000 between May 23 and June 2; This is equivalent to $3.02 billion.
Glassnode data shared by BTC-ECHO analyst Leon Waidmann shows that the percentage of circulating Ether supply held on exchanges is also at its lowest level in recent years, at only 10.6 percent.

Last week, Bloomberg #ETF analyst Eric Balchunas predicted that Ether ETFs would be launched by the end of June. Some analysts believe that Ether could break its November 2021 all-time high of $4,870 as spot Ether ETFs begin trading due to increased demand pressure.

DeFi report crypto analyst Michael Nadeau said in a May 28 report that Ether could benefit from demand pressure more than Bitcoin because it does not have the same level of “structural selling pressure.” For example, Bitcoin miners occasionally have to sell BTC to cover mining costs, while Ethereum validators do not incur the same operating expenses as Bitcoin miners.

However, there are also concerns that the Grayscale Ethereum Trust (#ETHE ), which manages $11 billion in funds, could impact Ether's price action if it follows the Grayscale Bitcoin Trust (#GBTC ), which saw $6.5 billion in outflows in the first month after approval. available.
$BTC $ETH

Comparison between Ethereum and Bitcoin ETFs:
As we mentioned earlier on the Arab Bitcoin platform, Ethereum ETFs collected $106 million in net inflows on their first day.
Despite large withdrawals from the Grayscale Fund (ETHE) amounting to approximately $500 million, flows into other funds, such as ETHA and ETHW, helped mitigate the negative impact.
However, the next three days saw a change in trend, as flows shifted to daily withdrawals of $133.3 million on July 24, $152.4 million on July 25, and $162.7 million on July 26.
This worrying trend has led to increased outflows, with the Grayscale (ETHE) fund alone losing $326.9 million, $346.2 million, and $356.3 million sequentially.

Bitcoin ETFs saw larger inflows in their first four days, reaching $650 million on the first day, $203 million on the second day, and $453.8 million on the fourth day.
The third day alone witnessed external inflows worth $52.7 million, bringing the total net inflows to approximately $1.260 billion in just four days, which is a huge difference.
#ETHE
#ETHA
#ETHW
$ETH

📢 On July 25, Ethereum spot ETFs recorded an outflow of $152 million.

• Grayscale (#ETHE ) from the Ethereum spot ETF experienced an outflow of $346 million.

• Blackrock (#ETHA ) Ethereum spot ETF received $70 million inflow.

• Fidelity Spot ETF (#FETH ) saw inflows of $16 million.

• Bitwise Spot ETF (#ETHW ) on Ethereum received $16 million in inflows.

📢 On July 25, spot Bitcoin ETFs recorded an inflow of $31 million.

• Grayscale Spot Bitcoin ETF (#GBTC ) experienced $39 million in outflows.

• Blackrock ETF (IBIT) received $70 million in inflows.

📢 On July 23 (first trading day), spot Ethereum ETFs recorded inflows of $106 million.

•Grayscale (#ETHE ) spot Ethereum ETF experienced an outflow of $484 million.

•Blackrock (#ETHA ) spot Ethereum ETF experienced an inflow of $266 million.

•Fidelity (#FETH ) spot Ethereum ETF saw inflows of $71 million.

•Bitwise (#ETHW ) spot Ethereum ETF experienced an inflow of $204 million.