Ether Volatility Expected as Traders Flood Exchanges With $231M of ETH Amid ETF Hopes
Briefly

from Coindesk8 months ago
Ether exchange inflows of 62,000 ETH this week suggest approaching volatility, likely due to high net flow connected to price changes.
Coindeskhttps://www.coindesk.com/business/2024/05/22/ether-volatility-expected-as-traders-flood-exchanges-with-231m-of-eth-amid-etf-hopes/
Traders opening long positions in ETH after news of potential spot ETF approval, driving largest daily spot buying from eternal holders in 2024.
Coindeskhttps://www.coindesk.com/business/2024/05/22/ether-volatility-expected-as-traders-flood-exchanges-with-231m-of-eth-amid-etf-hopes/
Warning of potential significant price correction if spot ether ETF is delayed or denied, given current high open interest at $11.7 billion.
Coindeskhttps://www.coindesk.com/business/2024/05/22/ether-volatility-expected-as-traders-flood-exchanges-with-231m-of-eth-amid-etf-hopes/
Read at Coindesk
#ether #volatility #exchange-inflows #spot-etf #price-correction
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