Ethereum (ETH) Rally Takes a Breather as 19-Day ETF Inflow Streak Finally Snaps

Ethereum''s bull run hits a speed bump after record-breaking ETF demand cools off.

The streak is dead: After 19 straight days of institutional inflows, ETH ETFs just saw their first net outflow. Traders are holding their breath to see if this is a blip or the start of a deeper pullback.

Meanwhile, crypto analysts are split—some see this as healthy profit-taking, while others whisper about ''smart money'' rotating into the next shiny object (probably some memecoin).

One thing''s certain: Wall Street''s crypto love affair remains as fickle as a day trader''s attention span.

The streak, which peaked with a $240.3 million inflow on June 11—the largest in over four months—had fueled Optimism among investors. However, the recent outflows suggest a potential cooling of enthusiasm, with Ethereum (ETH) price dropping to $2,467 from the weekly high of $2,873—marking a 14% drop. 

At the time of writing, ETH is trading NEAR $2,517 with a staggering 60% increase in its 24 hour trading volume. 

Analysts attribute this pushback to the recent market turmoil, where the crypto market crashed after Israel carried out a military strike on Iran on Thursday. 

While the outflows are modest, they underscore the cryptocurrency market’s inherent unpredictability. Industry experts remain cautiously optimistic, citing growing institutional interest and potential regulatory clarity as drivers for future growth. 

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