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Ethereum Price Prediction: Can ETH Recover After ETF Outflows?
The Ethereum (ETH) price has been experiencing a steep decline since December 2024, with a significant drop of over 54 percent. This bearish sentiment can be attributed to the U.S. tariff wars and midterm market uncertainty.
Recent developments have only added fuel to the fire, as Ethereum whales are cashing out their ETH positions in large quantities. According to recent on-chain data analytics from Coinglass, the spot Ether ETFs have witnessed a net cash outflow of nearly $200 million over the past three weeks. This is not an isolated incident, as even BlackRock’s ETHA has reported a net cash outflow of approximately $11 million on Tuesday.
This trend raises questions about the future prospects of Ethereum prices. In light of these recent developments, it becomes crucial to assess the potential for a recovery in the near future.
Ethereum’s price is currently trading at around $2,000, with many analysts predicting that ETH will continue its downward trajectory. However, this does not necessarily mean that there won’t be any recovery.
Source: https://coinpedia.org/price-analysis/ethereum-price-prediction-can-eth-recover-after-etf-outflows/
