largest altcoin Ethereum (ETH) 
$3,216.28 With the sales wave that shook the entire cryptocurrency market in the last 7 days, it fell below the $ 3,100 threshold. ETH fell below this level for the first time since November 4. CryptoAppsy According to data, it is trading at $ 3,193 with a decrease of 0.47 percent in the last 24 hours. Experts state that outflows, especially in spot Ethereum ETFs, indicate a strong weakening in investor confidence.
Outflows from ETFs Show Investor Confidence Declining
Cane Island Alternative Advisors investment manager and cryptocurrency researcher Timothy PetersonAccording to , there has been an outflow of approximately 7 percent of cost-based capital from spot Ethereum ETFs in the last five weeks. Bitcoin in the same period 
$96,065.54 This rate remained at 4 percent in ETFs. Peterson stated that this difference shows that investors have started to consider Ethereum as a riskier asset compared to Bitcoin.
Cost-based capital ETFIt represents the initial principal amount invested in ‘s and reflects the long-term commitment of investors, regardless of gains or losses. Therefore, the increase in this indicator indicates a permanent loss of confidence rather than short-term position changes. According to experts, the increase in outflows reveals that long-term investors in ETFs have become indecisive and the risk perception in the market has increased.
Expectations for the Future of Ethereum
The price of Ethereum fell below $ 3,100 for a while, ushering in a period in which investors will now pay more attention to technical levels. Analysts are of the opinion that whether ETF outflows will slow down in the coming weeks will be decisive in terms of the direction of the market. If selling pressure continues ETH‘s weak outlook against Bitcoin may become even more evident.
On the other hand Ethereum ETFReading the flow data in ‘s together with price movements is seen as an important criterion in understanding investor behavior. The cost-based exit rate measures not only short-term volatility but also investors’ long-term faith in the asset. In this context, Ethereum’s performance around $ 3,100 in the coming period will determine the direction of investor psychology.
