Technical analysis by ATTMO about Symbol ETH: Sell recommendation (7/26/2024)

Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days. The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust, ETHE , which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, ETH , which has seen inflows of $119 million over the past three days. BlackRock’s ETF, ETHA , leads the inflow ranking with $355 million in inflows over the past three days. The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market. Follow us for more crypto news and weather reports!