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Ether Price Plummeting Due to Totally Not a Coincidence That Massive $420 Million Was Suddenly Withdrawn From It by Investors Who Clearly Had Nothing Better to Do With Their Money

An illustration of a sinking ship with moneybags floating away from it in all directions, while investors stand at the bow looking worried; nearby, a giant whale is swimming upwards out of the water, leaving behind a trail of coins that are being swept up by smaller fish representing market makers and analysts. In the background, a cityscape fades into darkness as interest rates rise on TradingView charts hovering above the scene like ghostly apparitions

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Source: cointelegraph

Ether’s sluggish price action is driven more by a lack of investor interest than by the ongoing outflows from spot Ether exchange-traded funds (ETFs). The price of Ether (ETH) has fallen by more than 26% since the launch of United States-based spot Ether ETFs on July 23. The ETFs have recorded a cumulative $420.5 million in net outflows since their launch date. However, Ether’s price isn’t struggling due to the […]

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