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ETH Breaks $2,200: Institutional Selling, Glamsterdam Slip & the $2,100 Test
Audio is available on Spreaker — see link below.
Ethereum has broken below $2,200 for the first time since April, with $431M in ETF outflows, BitMine cutting purchases 74%, and the Glamsterdam upgrade slipping to Q3. Everything now hinges on whether ETH can hold the $2,100 weekly close.
Audio is available on Spreaker — see link below.
Ethereum just broke below $2,200 for the first time since April, and the number that matters now isn't where it's trading. It's twenty-one hundred.
Ethereum trades with a zero point seven eight correlation to the Nasdaq one hundred. Bitcoin doesn't.
BitMine, Ethereum's largest treasury buyer, cut weekly purchases by seventy-four percent. Down from one hundred thousand ETH per week to twenty-six thousand seven hundred.
That matters more than usual right now because Ethereum's only major fundamental catalyst on the horizon just slipped further away. The Glamsterdam hardfork, which includes the EIP-seven nine two eight parallel execution upgrade, has moved from an H1 twenty-twenty-six target to Q3.
There's a deeper structural tension worth naming. Ninety-nine Layer 2 networks now handle ninety-eight percent of Ethereum ecosystem activity.
The SEC adds another layer. Chairman Atkins has opened a broader regulatory review of novel ETF structures, and fund sponsors are voluntarily delaying launches pending public input.
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