XRP ETFs See Significant Inflows Amid Bitcoin and Ethereum Outflows
- Capital Inflows Contrast: On April 29, XRP ETFs recorded inflows of approximately $3.59 million, contrasting sharply with over $200 million in combined outflows from Bitcoin and Ethereum ETFs, indicating renewed investor interest and a shift in market sentiment.
- Assets Under Management: Bitwise leads the XRP ETF space with over $312 million in assets under management, while total XRP ETF holdings exceed $1 billion, representing 1.23% of the total XRP supply, signaling a growing institutional participation in the market.
- Changing Market Behavior: The performance of XRP ETFs suggests a subtle shift in investor preference, as capital appears to rotate between assets even during broader market downturns, highlighting improving investor confidence and making XRP more accessible for traditional portfolios.
- Increased Institutional Participation: The steady inflows into XRP ETFs indicate that XRP is no longer solely a retail-driven asset, with institutional positioning increasingly influencing price dynamics, making XRP's consistent inflows particularly significant amid widespread withdrawals in other crypto assets.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 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 | 2030.421 | 2125.391 | 2214.431 | 2309.401 | 2398.441 | 2493.411 | 2582.451 |
| Fibonacci | 2125.391 | 2195.682 | 2239.109 | 2309.401 | 2379.692 | 2423.119 | 2493.411 |
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