Analyst: The current price level of ETH worth watching is $1,800, and ETF fund outflows limit market recovery

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ODAILY
03-11
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Odaily report: Bifinex analyst said that the downward trend of ETH is driven by trade war concerns caused by global uncertainty due to US import tariffs and lack of builder activity on the Ethereum network. He explained: "For ETH, $1,800 will be a strong level worth watching, however, the current selloff is not only seen in ETH, we also see an adjustment across the entire market as concerns over tariff impacts have hit all risk assets." Stella Zlatareva, analyst at digital asset investment platform , said the challenges facing Ethereum have further intensified, and the persistent outflow of funds from the Ethereum ETF has limited the price recovery of this asset, and added: "ETH fell 20% last week, causing its price to break below the key $2,200 trend line that has supported its bullish recovery since 2022. Like Bitcoin, the moderate price movement may be attributed to ETF fund outflows." (Cointelegraph)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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