Interestingly, in the third week, the ETFs saw their first positive inflow at $104.76 million; even with this inflow, the total net assets of Ethereum ETFs continued to decline, losing 13% of the value registered upon launch. The aggregate has seen the total net assets value of Ethereum spot ETFs drop from $9.24 billion to $7.28 billion. It reflects a broader cautious stance of the market toward ETH’s near-term prospects.Moreover, the number of new Ethereum addresses confirms a similar signal of a weakening network, which presumes an even bigger challenge of supporting long-term price recovery. On August 21, only 88.8k new addresses were registered, in contrast to 196.72k in May. The slowing down of the adoption rate of new users can, therefore, limit the upward momentum for ETH.
sekar nallalu Cryptocurrency,Ethereum,Latest News,Price Analysis Ethereum Price Recovers Amid Golem Network’s Major ETH Liquidation