{"id":31513,"date":"2025-06-12T11:01:49","date_gmt":"2025-06-12T11:01:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31513"},"modified":"2025-06-12T11:01:49","modified_gmt":"2025-06-12T11:01:49","slug":"eth-bulls-tighten-grip-as-393m-exits-exchanges-and-etf-inflows-outpace-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31513","title":{"rendered":"ETH Bulls Tighten Grip as $393M Exits Exchanges and ETF Inflows Outpace Bitcoin"},"content":{"rendered":"<div>\n<p>Ether( ETH) ETH struggled to maintain Tuesday\u2019s momentum, falling 0.15% to $2,758 amid selling pressure that emerged during U.S. afternoon trading on June 11. <\/p>\n<p>The pullback followed a brief rally to $2,872.42, which proved unsustainable as price action reversed sharply between 15:00 and 17:00 UTC, according to CoinDesk Research&#8217;s technical analysis model. <\/p>\n<p>The late-session sell-off intensified in early Asia hours, punctuated by a 1.29% dip from $2,772 to $2,736 on heavy volume, before ether rebounded slightly toward $2,758 at press time.<\/p>\n<p>Despite the downturn, key metrics suggest rising conviction among bulls. <\/p>\n<p>Glassnode <a href=\"https:\/\/x.com\/glassnode\/status\/1932787400893178252\">reported<\/a> that options skew flipped sharply negative over the past 48 hours\u2014one-week skew dropping from \u20132.4% to \u20137.0% \u2014 indicating increased demand for short-dated calls. <a href=\"https:\/\/x.com\/glassnode\/status\/1932832698822967387\">Put-call ratios<\/a> remain heavily tilted toward upside exposure, with open interest and volume ratios holding near multi-week lows.<\/p>\n<p>On-chain flows also reinforced the bullish bias. <\/p>\n<p>Analytics firm Sentora (formerly, IntoTheBlock) <a href=\"https:\/\/x.com\/SentoraHQ\/status\/1933065713414979838\">flagged<\/a> that over 140,000 ETH, worth approximately $393 million, was withdrawn from exchanges on June 11 \u2014 the largest single-day outflow in more than a month. <\/p>\n<p>Simultaneously, ETH-based ETFs extended their inflow streak with another $240.3 million added Wednesday, surpassing the day\u2019s Bitcoin ETF totals. Analyst Anthony Sassano <a href=\"https:\/\/x.com\/sassal0x\/status\/1933013106252541996\">noted<\/a> that Ethereum has avoided a single net outflow day since mid-May, calling the trend \u201caccelerating\u201d and arguing that the asset remains structurally undervalued.<\/p>\n<p>While price action shows short-term weakness, market positioning and capital flows suggest traders may be buying the dip in anticipation of another upside attempt.<\/p>\n<p><strong>Technical Analysis Highlights<\/strong><\/p>\n<\/p>\n<ul>\n<li>ETH traded within a $139 range between $2,733 and $2,872 before closing at $2,758.<\/li>\n<li>Heavy selling emerged near $2,870\u2013$2,880 during June 11\u2019s late U.S. session.<\/li>\n<li>Support near $2,745\u2013$2,755 was breached after multiple tests, triggering a quick declineVolume spiked above 34,000 ETH during a rapid drop from $2,772 to $2,736 early June 12.<\/li>\n<li>A temporary bounce toward $2,752 failed, and a new support zone may be forming near $2,735<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ether( ETH) ETH struggled to maintain Tuesday\u2019s momentum, falling 0.15% to $2,758 amid selling pressure that emerged during U.S. afternoon trading on June 11. The pullback followed a brief rally to $2,872.42, which proved unsustainable as price action reversed sharply between 15:00 and 17:00 UTC, according to CoinDesk Research&#8217;s technical analysis model. The late-session sell-off [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31513","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31513"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31513\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}