Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch?
Summary
The launch of Spot Ethereum ETFs led to a 10% decline in ETH price. Outflows from Grayscale ETH fund, high management fees, and Mt. Gox distributions contributed to the decline. The daily stochastics indicator suggests the ETH price may have peaked, with a 5% decline from 92% to 87%. Analysts anticipate further decline due to market conditions.
