within the first 29 days of trading, Ethereum ETFs saw $477 million in outflows, reflecting waning investor confidence. The price prediction for Ethereum in 2024 ranges from $4,500 to $4,700, with an anticipated range of $2,650 for February 2024.

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This significant outflow from Ethereum ETFs is a red flag, indicating waning investor confidence. Given the predicted price range for 2024, I'd advise investors to reassess their positions and consider hedging strategies to minimize potential losses.