Ethereum investors should know this reasoning behind ETHs crash in June - BitcoinEthereumNews.com
EthereumDapat malaman ng mga namumuhunan ng Ethereum ang pangangatwiran na ito sa likod ng pag-crash ng ETH noong Hunyo06 / 24 / 2022Balita ng Ethereum ng Bitcoin It has been hard for ETH traders to avoid panicking in the last few months as ETH continued to sell with no end in sight. The bears have been easing off their assault every once in a while, paving the way for minor relief rallies. However, even those have been short-lived and the bears continue to show their strength. A similar scenario is taking place right now following ETHs latest crash. The market has experienced a few days of relative calmness and some upside. Investors might, thus, expect ETH to experience another sell-off sometime soon if the market continues on the same trajectory. Understanding the key sources of the selling pressure is essential in order to gauge where the market might be headed. It turns out exchange-traded funds (ETFs) holding large amounts of ETH have been selling off their holdings. 3iQ CoinShares Ether ETF (ETHQ.U) and Ether Fund (QETH.U) holdings are among the top ETFs that invested heavily in ETH in the past. Their Glassnode metrics reveal that they offloaded a significant amount of ETH in