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ETH-ETF Completed, will there be selling pressure?

Analysts from Kaiko revealed that there is a potential Ethereum outflow of $110M every day after the launch of the ETF-ETH just as when the ETF-BTC was launched.👇 

-A THREAD-

This is because during the last three months Grayscale ETHE kept a 26% discount compared to its Net Asset Value (NAV). 

What can we see from this information?

1) This analysis and information of course has not occurred because it only detects the flow of trade, there are many other factors in crypto itself that could be more relevant in influencing prices.

2) From a chart perspective, ETH is approaching the weekly sales area, so technically there is potential for selling pressure.

3) If there is a drop, it is the potential for scaling on Ethereum and various other existing altcoin assets.

Hope it is useful!

Source; CoinTelegraph