Ethereum falls below $2,000 amid $111M liquidations, $158M ETF outflows
ETH loses $2,000 support. Derivatives and ETF flows turn negative.
Ethereum fell below $2,000 for the first time since March 10. NewsBTC reports the break came amid risk-off moves tied to Middle East tensions and oil-driven inflation fears.
Longs took a hit. NewsBTC flagged heavy ETH long liquidations as price slid, with pressure coming from derivatives and whales. The spot price hovered near $1,980, down ~3% 24h and ~7% over 7 days, per their update.
US spot ETH ETFs show waning demand. Funds have posted a seven-day outflow streak, with more than $400 million exiting over that span, according to NewsBTC.
Watch the weekly close. A decisive finish below $2,000 keeps downside risk elevated, per NewsBTC’s analysis. Sustained inflows into spot ETFs would be an early demand signal, as noted here.
Authors credited by the source: Opeyemi Sule
Published by Holder based on an external source.
