ETHEREUM is under pressure as the investment funds circulated in the United States have seen external flows for seven weeks respectively. Only this week, nine ETHEREUM ETFS lost a total of $ 82.47 million. This fixed withdrawal of money affected the ETH price, which decreased by 10 % last week. With momentum sliding, many people are now wondering, will the larger crash next week be disrupted?
Etherum Etf continues
On April 11, Ethereum Spot Etfs witnessed a total The external flow is $ 29.2 millionWhich makes it the fourth consecutive day with a negative movement. The external flow charge was the Grayscale (ETHE) fund, which recorded the highest clouds at $ 26.1 million, followed by Bitwise (ETHW), which saw withdrawal of $ 3.1 million.
This continuous decrease in supporting large investors causes more sale, making the price ethereum more.
But not only the money that flows that causes anxiety. The Ethereum network activity also slows down as fewer users interact with ETHEREM Blockchain applications.
In fact, a unique active portfolio decreased on Ethereum by more than 33 % last month. In comparison, Solana witnessed only 16 % decrease, while TON witnessed a 16 % increase in activity.
The Great loses the bank confidence in ETH
Matter, Standard Charterd Bank reduced its target price at the end of the year of ETH by 60 %. The bank now expects Ethereum will end about $ 4,000, pointing to concerns about expansion and competition.
They believe that Ethereum has become very dependent on the second layer networks and may lose its edge.
Will the ETH price continue to decrease?
Ethereum price decreased 10 % last weekAnd things may get worse if the demand for falling continues. Without strong support from big investors, it is difficult for ETH to bounce soon.
Currently, the charts appear a huge direction, which means that the sellers are still controlling. If the price decreases to less than $ 1500, it may decrease further, perhaps to $ 1,300 or $ 1,200.
On the other hand, if ETH is strong and climbed over $ 1700, there is an opportunity to recover in the short term. In this case, the price may rise about $ 1900 or even 2000 dollars in the coming days.
