ETH Price Reverses Amid ETF Outflows and Whale Activity

Ethereum (ETH) is showing signs of reversal after recent volatility. The price increased by over 1% to $3,250 but faces resistance at $3,400. A close above this level could push the price towards $3,700-$3,800, while failure might lead to a drop back to $3,000.

Ethereum ETF flows turned negative with $42.3 million in net outflows reported, primarily from Grayscale's ETHE and ETH ETFs.
Whale activity remains strong, with a significant holder accumulating 150,466 ETH worth approximately $491 million and placing additional limit orders for 40,000 ETH within the $3,030 to $3,258 range.
Data from CryptoQuant indicates that ETH has traded near the realized price of whales holding ≥100k ETH only four times in the past five years, often leading to price bounces.

The tokenized fan economy platform SUBBD is nearing $1.5 million in its presale phase, aiming to enhance the creator economy with its native token supporting various functionalities.