Ethereum Surges Will ETH ETF Exceed

Ethereum Price Surges Despite ETF Outflows

• Ethereum’s price briefly surpassed $2,000, closing at $1,995 after a nearly 2% increase.
• Ether ETFs experienced daily outflows under $20 million, totaling $102.89 million from March 14 to 21.
• Significant outflows were recorded on March 19, 20, and 21 with amounts of $11.72M, $12.41M, and $18.63M respectively.
• Whales purchased $236 million worth of ETH in the past 72 hours.
• Ethereum reserves on exchanges hit an all-time low (ATL), indicating potential supply constraints.

Despite consistent ETF outflows totaling over $100 million in a week, Ethereum’s price rose nearly 5%, driven by significant whale purchases and decreased exchange reserves suggesting a potential supply shock.