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Kaffy🎀💎💕
$ETH Weakness May Be More About Macro Than Fundamentals
$ETH has slipped into the $2.4K–$2.45K range as changing expectations around the Fed put pressure on risk assets.
What stands out, however, is the behavior of spot ETFs. Despite the recent decline, ETH ETFs have maintained a positive flow streak since mid-August, suggesting larger players haven’t been rushing for the exit.
$ETH ETH also continues to hold roughly 11% crypto market dominance, while overall market sentiment remains in Greed territory at 69.
For now, the setup looks less like an ETH-specific breakdown and more like a broader macro reset. If ETF demand continues holding up, this weakness could end up being viewed as accumulation rather than distribution.
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