XRP Attracts Inflows Amid $1.5B Crypto Outflow
- Divergent Capital Flows: CoinShares data reveals that Bitcoin and Ethereum experienced outflows of approximately $1.438 billion and $257.3 million respectively, totaling nearly $1.5 billion, indicating investors are locking in gains and reducing exposure to macro-sensitive assets after recent volatility.
- XRP's Contrarian Inflows: In contrast, XRP attracted $20.3 million in inflows, with month-to-date totals reaching $159.5 million and year-to-date inflows at $311 million, highlighting sustained interest and confidence in the asset despite broader market trends.
- Institutional Confidence: This divergence is interpreted as selective institutional conviction, suggesting that capital is rotating towards assets with distinct narratives rather than a full market retreat, indicating an ongoing reallocation phase beneath the surface of market volatility.
- Shifting Market Sentiment: Santiment Intelligence indicates that recent market discussions are shaped not only by price movements but also by evolving narratives around assets like XRP, Stellar, and Tether, suggesting a significant shift in market sentiment is underway.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1100.445 | 1303.062 | 1487.835 | 1690.452 | 1875.225 | 2077.842 | 2262.615 |
| Fibonacci | 1303.062 | 1451.045 | 1542.469 | 1690.452 | 1838.435 | 1929.859 | 2077.842 |
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