907 million dollars flows for Ethereum ETF: What about the price of ETH? star-news.press/wp

Main meals

Despite ETF flows of $ 907 million and $ 2 billion+ for BTC, ETHEREM prices stopped. Is the separation between ETF and ETH flows just temporary calm?

Bitcoin (BTC) investment funds dominate the headlines that have long dominated them with their breakfast flows, but this time, ETHEREUM (ETH) turns into the spotlight.

Ethereum etf makes news

Over the past week, Spot Ethereum ETFS attracted an amazing amount of flows – a historical landmark.

It is worth noting that July 10 witnessed the highest flows for one day, with 383.10 million dollars, according to Soso value.

IIn fact, this week was the strongest performance of ETH ETF boxes since its first appearance on the market on July 23, 2024.

Meanwhile, Bitcoin’s investment funds continued their huge flows, as they recorded one billion dollars in flows between 10 and 11 July, each for each. Farside investors.

This represents a two-day line of $ 2.21 billion-the largest in the BTC investment funds since its launch in January 2024.

Together, these numbers highlight that Ethereum began to match Bitcoin’s momentum and establish itself as a strong force among institutional investors.

Society interacts

Note, Anthony Sassano, The Daily Gwei Stufle, maleand

“ETHEREUM network produces about 2,200 new nets per day. Yesterday, ETFS 138000 Eth bought.”

In addition, praising the standard flows of Bitcoin ETFS, ETF head, Nate Geraci, also Addand

“$ 1+bil to Pitcoin’s instant bitcoins …* $ 2.7bil* for the week. Since the launch of January 2024, there have been 7 days of flows> $ 1 billion. 2 of those in the past two days.”

Market reaction? Wide budget feelings – on paper, at least.

But why is the price not transmitted?

Although the ETF market was on an upward path, which prompted the optimistic reactions of society, the price of each currency was not promising.

For example, at the time of the press, Bitcoin was commerce At 117,948.54 dollars after a decrease of 0.60 % in the past 24 hours, while Ethereum has been traded at $ 2,961.45 after a decrease of 0.37 % in the same period Coinmarketcap.

The recent decline in encryption prices can be linked to continuous declining tension in the broader market. However, technical indicators draw a different image.

With the RSI (RSI) Index for Bitcoin and Ethereum, he sits on the 50 neutral sign, the bullish momentum remains in the game.

Source: Santime

This indicates that despite the short -term fluctuations, the purchase pressure is still strong, indicating that the last withdrawal may be temporary rather than a signal to a longer correction.

What awaits BTC and ETH?

In fact, the recent ABCRYPTO expectations and market data also indicated that both Ethereum and Bitcoin can be on the right path to reach its highest levels ever.

Analyst Ken Ting, also known as chicken genius, recently expressed his confidence that ETH could reach $ 4,000 in the near future.

Meanwhile, the Ecoinometrics Analysis Company suggested that the strong demand for the circulating investment funds may pay BTC to $ 119,000, based on visions of the ownership model.