Despite Ethereum's price drop, ETH Beta assets are outperforming Ethereum, suggesting a possible shift in market dynamics. These assets, which tend to react more to ETH's price changes, would usually see larger drops when ETH is falling, but they have shown relative strength in recent weeks. This could indicate seller exhaustion in these altcoins. However, for ETH Beta assets to continue performing well, Ethereum itself needs to improve. Ethereum ETFs are experiencing significant outflows, with a total of $562 million being pulled out, but the Grayscale Mini Ethereum Trust stands out with $7 million in inflows. Ethereum's price is currently facing resistance at $2,619, but if it breaks above this level, it may rally to new highs above $2,927.



Other News from Today