ETH and XRP Spot ETFs Attract $143M Amid BTC Outflows
- Shift in Fund Flows: On January 6, Ethereum (ETH), Solana (SOL), and Ripple (XRP) spot ETFs attracted over $143 million in inflows, while Bitcoin (BTC) ETFs experienced a significant net outflow of $243 million, indicating a notable shift in investor sentiment that could lead to a rotation from Bitcoin into other leading altcoins.
- XRP Outperformance: XRP spot ETFs outperformed Solana with inflows of $19.12 million compared to SOL's $9.22 million, suggesting renewed investor confidence in Ripple's use case for cross-border payments amid ongoing legal clarity in the U.S.
- Ethereum's Continued Dominance: Ethereum ETFs captured the majority of capital with net inflows of $114.74 million, highlighting sustained institutional interest in ETH and reinforcing its leadership position among altcoins.
- Market Volatility Anticipation: The $243.24 million outflow from Bitcoin ETFs has drawn analysts' attention, as this may indicate short-term profit-taking or rebalancing, potentially leading to market volatility as investors await upcoming regulatory decisions and further ETF approvals.
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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 stock.
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 | 730.549 | 1239.174 | 1697.389 | 2206.014 | 2664.229 | 3172.854 | 3631.069 |
| Fibonacci | 1239.174 | 1608.507 | 1836.681 | 2206.014 | 2575.347 | 2803.521 | 3172.854 |
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