ETH Price in a “Classic Bear Trap” Under $4,000 Says Expert, While Ethereum ETF Flows Turn Negative

The FOMC meeting and Fed rate cut announcement on October 29 turned out to be a “sell-the-news” scenario for the crypto market. Ethereum price has lost the $4,000 support, dropping another 3% in the last 24 hours, in what analysts believe to be a classic bear trap. On the other hand, spot Ethereum ETF flows have turned negative again. ETH Price Loses $4,000 Support in Bearish Fall After trying hard to hold the ETH price above $4,000, bulls have once again given up to the bearish pressure as the largest ...