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Fidelity has sold 64,997 ETH, worth $213 million, amid Ethereum's recent price drop. Key points:
- The sale occurred on the same day Ethereum ETFs saw $159.4 million in net outflows.
- ETH has maintained net sell pressure since Tuesday, resulting in a 15.54% dip.
- However, on-chain data shows whales buying the dip, with large holder inflows exceeding outflows.
- Exchange flows also suggest demand may be returning, with outflows slightly higher than inflows.
- Despite this, investors should be cautious of potential further downside, with the next major support level at $3,033. 1 reply
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