Ethereum defies macroeconomic headwinds and ETF selling pressure, holding above $2,400 as exchange data signals potential accumulation by market participants.
Ethereum maintains a resilient stance, trading near $2,440 despite a 25-basis-point Federal Reserve rate hike and stalled progress on the CLARITY Act. While US spot ETH ETFs recorded significant outflows, exchange netflow data suggests underlying accumulation, with the asset successfully reclaiming key moving averages.
The 25-basis-point hike was largely priced in by the market, allowing Ethereum to maintain its support levels despite the hawkish monetary policy shift.
Significant net outflows from exchanges, exceeding 152,000 ETH, are typically interpreted as a sign of accumulation by investors, suggesting underlying bullish conviction.