Ethereum Price Analysis: What Does $540M Staking Outflows Mean for ETH Price?

Quick Summary:

Ethereum (ETH) price rose 4% in the last 3 days to hit the $2,720 mark on Feb 11, as the global altcoin market received major capital inflows, however on-chain staking outflows suggest the ETH resurgence could fade out early.

Large sell-offs from recently withdrawn funds may put downward pressure on ETH’s price, limiting its ability to surpass key resistance levels.

The recent surge comes amid broader capital inflows into the altcoin market, even as Bitcoin (BTC) and Ethereum remained relatively flat over the weekend.

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Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: ETH Price Analysis Price Analysis Ethereum (ETH) price Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 06:07:02 (14 hours ago)

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News Source URL: coingape.com

Language: English

Article Length: 695 words

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