Tag: institutional selling pressure
Ethereum Price Tanks, But Crypto Analysts Predict A $1 Billion Valuation for Remittix Within Months of Launch
The post Ethereum Price Tanks, But Crypto Analysts Predict A $1 Billicom. Ethereum’s price is once again under pressure. It has slipped below the $4,000 mark as renewed market volatility hits digital assets. The broader downturn was sparked by record ETF outflows and a cautious macro environment after Fed Chair Jerome Powell’s recent comments signaled uncertainty over future rate cuts. Yet amid this slide, market optimism is quietly shifting toward an emerging utility token, Remittix (RTX). It’s a fast-rising PayFi solution that analysts now believe could achieve a $1 billion market valuation within months of its official debut. Ethereum Price Slips Below $4,000 as ETF Outflows Mount Ethereum price is at $3,799, down roughly 4% in the past 24 hours. This extends its weeklong slide from the $4,200 region. Analysts point to over $81 million in outflows from Ether-based ETFs this week, led by Fidelity’s FETH with $69. 49 million exiting. Grayscale’s ETHE and Ether Mini Trust added another $29 million in redemptions. Meanwhile, VanEck’s ETHV shed $4. 3 million. The only bright spot came from BlackRock’s ETHA, which recorded a $21. 36 million inflow. However, it’s not enough to offset broader institutional selling pressure. According to data from Coinglass, if the Ethereum price dips below $3,700, liquidation pressure could intensify. This could trigger over $700 million in long-position wipes across major exchanges. The 200-day moving average is nearly $3,600, which provides a crucial support floor. Analyst Lacie Zhang of Bitget Wallet believes the current phase reflects “rotation, not reversal.” This suggests that investors are temporarily stepping back to reassess risk amid elevated yields and cooling ETF enthusiasm. Institutional Sentiment Wanes, But Long-Term Fundamentals Hold Despite cooling inflows, long-term sentiment around Ethereum remains cautiously optimistic. Analysts note that on-chain activity and DeFi integrations remain stable. The rotation out of Ether ETFs could eventually fuel capital inflows.