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From September to now, Ethereum ETF has accumulated a net inflow of only 110 million USD, while the inflow scale in August exceeded 3.8 billion USD.
Rachael Lucas warned that if Ethereum falls below $3,800 per coin, it is expected to trigger more liquidations.
Despite the Ethereum supply on exchanges dropping to a nine-year low, suggesting that long-term holders are hoarding coins, the selling behavior of these long-term holders has offset the positive impact of new capital inflows, resulting in a tug-of-war between bullish and bearish forces for Ethereum.
It is worth noting that the activity