Ethereum Faces Selling Pressure Despite $1.5B ETF Inflows
Ethereum has experienced a sustained period of capital accumulation through spot exchange traded funds, recording twelve consecutive trading days of net inflows totaling more than $1.5 billion since August 12. According to AMBCrypto reporting, this influx of institutional capital has provided strong support for the leading altcoin, helping drive rapid price gains during a volatile market period.
Data analytics platform Arkham highlighted that institutional giant BlackRock has played a major role in this accumulation phase. Clients of BlackRock purchased over $1 billion worth of the asset without registering a single day of net selling across a nine day window, underscoring persistent institutional demand even as broader market conditions remain uncertain.
Despite the positive momentum generated by these spot fund allocations, Ethereum continues to encounter aggressive selling pressure within the derivatives sector. Market observers note that extreme taker sell pressure has created a significant tug of war against the steady institutional inflows. Analysts are closely watching whether key technical support levels, notably around the $2,300 mark, can successfully hold firm against this heavy selling activity in the near term.
Based on reporting by ambcrypto.com.
