The ETF momentum suddenly died, but $ETH the price action is still holding on stubbornly🔥



Farside data shows that on July 9, the U.S. spot ETH ETFs ended a streak of 5 straight days of net inflows, with a daily net outflow of about $52.2 million; on the same day, BTC ETFs also saw a net outflow of about $95.3 million. Logically, they should’ve gotten hit together—but in Gate spot trading, ETH is at $1,801.46, up 0.79% over 24H, while BTC is at $64,258.3, down 0.07% over 24H. As liquidity retreats, ETH actually holds up better; this mismatch is an easy setup for the market to trade the “switching funds to other assets” expectation👀

Now look at the order book: ETH’s 24H high/low is $1,812.23 / $1,776.01, with trading volume of about $147 million USDT; BTC’s high/low is $64,695.1 / $63,662.9, with trading volume of about $349 million USDT. If ETH can keep holding around $1,776 and then break through the $1,812 top, the bullish narrative still has a chance to gain traction; if it can’t hold, it means the market is just lagging—don’t directly treat “better downside resistance” as a reversal⚠️

Do you think this is ETH truly starting to compete for capital, or the last stretch of stubborn holding after ETF outflows? Discuss in the comments👇

#ETH #BTC #ETF资金流 #Crypto market
ETH2.58%
BTC1.10%
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HTXchen1
· 2h ago
Just push through and be done with it 👊
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SlippageSailor
· 3h ago
Whether 1776 can hold is the key. If it holds, it’s the “funds-to-cars” narrative; if it doesn’t, it means lagging and making up the dip—catching up after the rebound. Right now, the positioning feels a bit like gambling on big or small.
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