ETH 24H falls more than 7.5%, perhaps due to large outflows from gray ETHE, triggering market concerns

In the first few hours of the East Asian trading day, ETH fell more than 7.5% to just above $3,100, likely due to ongoing concerns about large outflows of gray ETHE funds. It's worth noting that ETH's price action is closely tied to Nvidia stock, which is down more than 6% today. Cryptocurrency prices have been closely tied to the company's stock for much of the year. (CoinDesk) Earlier today, Trader T data showed that yesterday's U.S. spot ethereum ETFs saw combined net outflows of $133 million, with a net outflow of $326.9 million from the grayscale ETHE.