Ethereum reclaims $2,300 as $1.61B ETF outflows weigh on recovery
Key takeaways Ethereum (ETH) has reclaimed $2,300 after falling below its realized price of $2,309 following the $6.3 billion Binance hack. US spot Ethereum ETFs recorded their seventh consecutive trading day of outflows on Tuesday. ETH faces immediate support at $2,250, followed by $2,204 and $2,107, while a recovery…
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Exchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
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