$ETH Friday, May 1: Market is calm +1% but ETF sees liquidity outflow
Current price: $2,286.73 up +1.06% over 24 hours
The big picture today:
1. Negative flows: ETH ETF funds recorded an outflow of $87.73 million on April 29, with a weekly total of $160 million outflow【7982959061992607911†L147-L149】. Institutions are easing risk.
2. Inflation + Geopolitics: PCE index rose 3.5% and Middle East fears are weighing on risk appetite【7982959061992607911†L124-L127】.
3. Technical scenario: $ETH under resistance at $2,325. Expected range this week is $2,250 - $2,325【7982959061992607911†L150-L152】.
Today's key numbers:
- High today: $2,325.28 | Low today: $2,252.42【7982959061992607911†L19-L21】
- ETHA ETF: $17.42 up +1.99%【7982959061992607911†L74-L80】
- RSI at 65: positive momentum but not overextended【7982959061992607911†L216-L218】
Long-term positive news:
Tom Lee from Fundstrat says 2026 will be the "Year of Ethereum" and expects $12,000 supported by RWA adoption and DeFi【7982959061992607911†L194-L197】. Standard Chartered is also targeting $7,500 by the end of 2026【7982959061992607911†L308-L310】.
My question: Is the ETF liquidity outflow temporary due to fears, or the start of a deeper correction to $2,200?
1. As a *$ETH * long, I need it to stay as is
2. Noted comment: "$160 million outflow from ETF"
Current price: $2,286.73 up +1.06% over 24 hours
The big picture today:
1. Negative flows: ETH ETF funds recorded an outflow of $87.73 million on April 29, with a weekly total of $160 million outflow【7982959061992607911†L147-L149】. Institutions are easing risk.
2. Inflation + Geopolitics: PCE index rose 3.5% and Middle East fears are weighing on risk appetite【7982959061992607911†L124-L127】.
3. Technical scenario: $ETH under resistance at $2,325. Expected range this week is $2,250 - $2,325【7982959061992607911†L150-L152】.
Today's key numbers:
- High today: $2,325.28 | Low today: $2,252.42【7982959061992607911†L19-L21】
- ETHA ETF: $17.42 up +1.99%【7982959061992607911†L74-L80】
- RSI at 65: positive momentum but not overextended【7982959061992607911†L216-L218】
Long-term positive news:
Tom Lee from Fundstrat says 2026 will be the "Year of Ethereum" and expects $12,000 supported by RWA adoption and DeFi【7982959061992607911†L194-L197】. Standard Chartered is also targeting $7,500 by the end of 2026【7982959061992607911†L308-L310】.
My question: Is the ETF liquidity outflow temporary due to fears, or the start of a deeper correction to $2,200?
1. As a *$ETH * long, I need it to stay as is
2. Noted comment: "$160 million outflow from ETF"