Ethereum bears keep selling but ETH stays near $2,700 as US spot ETFs record $206 million in outflows

Ethereum’s institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively without yet breaking the broader price structure. US spot ETH exchange-traded funds recorded $50.76 million of net outflows on Oct. 5, extending their losing streak to five consecutive sessions, according to SoSoValue data. The products have shed $205.88 million […] The post Ethereum bears keep selling but ETH stays near $2,700 as US spot ETFs record $206 million in outflows appeared first on CryptoSlate.

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