It has been the third consecutive day that the data for the $ETH spot ETF is not as good as that for $BTC. The previous frenzy of buying seems to have been somewhat suppressed. In Tuesday's data, Fidelity saw purchases exceeding five figures, but BlackRock's investors sold more ETH, which is rare in the past month. If the buying volume for the ETF starts to decrease, it would be very unfavorable for the price trend of ETH.

We discussed earlier that the stability of ETH's price is mainly due to a large amount of buying. As a result, even when the market rose reasonably well yesterday, the buying of ETH did not exceed the selling. Of course, this is only over three days, and there are still many uncertainties in policy, so let's wait and see.

This article is sponsored by #Bitget ｜ @Bitget_zh

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