Ethereum Derivatives Surge Despite ETF Outflows

Despite $300 million in net outflows from US-listed Ethereum ETFs, derivatives data paints a picture of resilience. ETH rallied 4.7% on Wednesday and is showing strength despite leveraged long liquidations totaling $344 million since August 28th. These high-volume liquidations suggest some caution amongst traders but haven’t prompted a surge in short interest. Analysis suggests this price movement could result in support at the $4,300 level.