Ethereum ETFs saw a positive shift with $11.4 million inflows on September 10th, according to SoSoValue, marking the first positive flow in nearly three weeks. Major contributions came from BlackRock and Fidelity with inflows of $4.31 million and $7.13 million, respectively. Despite this, Ethereum ETFs have underperformed compared to Bitcoin ETFs, with $562 million in net outflows since launch. Ethereum's exchange outflows also peaked, indicating reduced selling interest, but the lack of buying pressure and high selling momentum, as indicated by a Relative Strength Index of 40, suggests potential price consolidation or further declines. The Ethereum network itself has seen a decrease in DApp volumes but an increase in transactions, reflecting mixed signals in market activity.
Ethereum ETFs saw a positive shift with $11.4 million inflows on September 10th, according to SoSoValue, marking the first positive flow in nearly three weeks. Major contributions came from BlackRock and Fidelity with inflows of $4.31 million and $7.13 million, respectively. Despite this, Ethereum ETFs have underperformed compared to Bitcoin ETFs, with $562 million in net outflows since launch. Ethereum's exchange outflows also peaked, indicating reduced selling interest, but the lack of buying pressure and high selling momentum, as indicated by a Relative Strength Index of 40, suggests potential price consolidation or further declines. The Ethereum network itself has seen a decrease in DApp volumes but an increase in transactions, reflecting mixed signals in market activity.