ETHE Dump even more than expected (Patreon)

Over the past 3 days, there has been significant dump from Grayscale's Ethereum Trust ETF (ETHE). I had forecast this for quite some time that it would follow the same GBTC dump.

Grayscale Ethereum Trust ETF Outflows are now 3 solid days of heavy red totalling 1.157BN. Token is down 10.5% but the whole market is also weak.

Grayscale still holds a significant amount of Ethereum, approximately 2.28 million ETH, valued at around $8.9 billion.

Despite the current market conditions, some analysts remain optimistic about Ethereum's future, drawing parallels to Bitcoin's post-ETF trajectory.

The chart also looks like it could be bottoming but not if the ETHE dump continues at this rate. But there will come a time where buyers will step in.