🚨 $ETH UPDATE: $6B Loss & Support Under Pressure! 📉
JUST IN: Tom Lee’s '#Bitmine ' ETH investment faces a staggering $6,000,000,000 unrealized loss. With ETH currently trading at $2,363, the crucial $2,400 support zone is officially under siege. 🚩
Market Highlights:
* ETF Outflows: US Spot ETFs saw $1.82B pulled this week ($1.49B BTC / $327M ETH) as sentiment cools. 🏦
* Bearish Grip: A sustained move below $2,400 could quickly trigger a slide toward $2,200.
* Contrast: While #Gold and #Silver hit recent highs, BTC and ETH are struggling to find a solid floor. 📊
Expert View: Eric Balchunas (Bloomberg) warns against short-sightedness, noting BTC's massive 2023-24 lead. Bitwise CIO Matt Hougan remains long-term bullish on ETF demand. 🚀