What collapsed was Bitcoin and all cryptocurrencies continued to collapse due to the impact of Bitcoin. Ethereum performed poorly compared to BTC and USDT and wiped out all the gains of the ETF. The support lines are at 2300 and 2100, if Bitcoin drops further then the problem will be.
it's mainly because some entity is dumping ETH massively that's why it performs worse than BTC but BTC also has its share of dumping as well in the past so it's understandable.
at least right now the ETF NET INFLOW is positive so it's a relief
but if BTC crashed again it will touch $2100 again though I guess.
Interesting facts, thank you! It's also the fact that the liquidations on ETH have become more frequent recently, thus, big hands focus on it, in my opinion. We shall see the changes somewhere in September or October.
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