07:36
Ethereum price is under pressure due to Bitmine's exit and lack of new funds for the ETF.
According to a report from Deep Tide TechFlow, analyst Markus Thielen pointed out on November 18 that there have been data signals warning of a price adjustment for Ethereum recently.
Since the summer, the price of Ethereum has mainly been supported by continuous buying from Bitmine. As this buying pressure has receded, coupled with the fact that the cumulative net inflow into Ethereum ETFs has reached $10 billion and long positions are at a high level, the lack of new funds to take over has led to price pressure.
ETH-5.52%

