NEW CONCERN AFTER SEEL-OFF (ETHEREUM)

Ethereum Under Pressure: New Concerns After Sell-Off

10x Research has identified "signs of new problems" following Ethereum's sharp decline post spot ETF launch.

According to analysts, the sell-off mirrors past patterns seen during the launch of digital gold ETFs. Many traders expected ETH-ETFs to capture 20% of BTC-ETF inflows but underestimated the "sell the news" rule.

Data shows significant outflows from Grayscale's ETHE, with $481M and $326M withdrawn in the first two days of trading.

Analysts predict bearish trends for Ethereum, highlighting overbought conditions before the ETF launch and stagnant or declining fundamental metrics like new users and revenue.

While Bitcoin enjoys "digital gold" status, Wall Street remains unsure of Ethereum's value proposition.

Experts warn of further price drops due to potential pressure from Mt.Gox clients, upcoming US corporate reports, and weak seasonal trends in August and September.

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