Ethereum price risks breaking $3,300 support amid falling DEX activity, ETH ETF outflows
NegativeCryptocurrency

Ethereum's price has recently shown signs of weakness, currently trading at $3,448, down 3% in the past day. This decline is significant as it approaches the crucial support level of $3,300, which could trigger further losses if breached. The downturn is linked to a notable decrease in trading activity on decentralized exchanges (DEX), suggesting a lack of market engagement. Additionally, outflows from Ethereum exchange-traded funds (ETFs) further reflect diminishing investor confidence in the cryptocurrency. The combination of these factors raises concerns about Ethereum's ability to maintain its value, highlighting the importance of monitoring market trends and investor sentiment in the cryptocurrency space.
— via World Pulse Now AI Editorial System







