Ethereum experiences positive inflows amidst a price decrease, indicating sustained investor interest.
ETH Price Decrease
As of writing, Ethereum is trading at around $2,670, marking a 5% decline for the day. Earlier, its price was above $2,800 but has since trended downward due to large investor sales.
Crypto Whales' ETH Sales
According to Lookonchain, a major investor transferred 14,977 ETH, worth over $40.5 million, to Binance in the past two hours. This investor has deposited over $90 million worth of ETH to Binance since March 2024, making a profit of more than $40 million.
Investment Products and Outflows
Coinshares reports that digital asset investment products saw $508 million outflows last week. Bitcoin was the main contributor with $571 million outflows, while Ethereum saw $3.7 million inflows.
Despite price fluctuations, Ethereum continues to attract investor attention, demonstrating steady inflows amid unstable market conditions.
