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ETH may test the support at 3500 again.
#以太坊ETF连续12周净流入#
The reason is that the batch exit of institutional node staking on-chain ten days ago is about to be released into the circulating market, with approximately 200,000 ETH. This selling pressure is estimated to take the market a few days to digest.
In addition, there is clearly resistance after pulling up to 3700, the funding rate has shifted from a negative funding rate last night to positive, and the bears have significantly turned bullish. In the short term, it still needs to squeeze out some long positions. The short-term good and bad news no longer significantly impact the market, mainly because institutions focus on spot trading, with strong buying momentum in the spot market, but this does not mean that the volatility in the futures market will be smaller.
Pay attention to the risks of long positions!