Nansen analyst: ETH price decline is due to investor sentiment, not ETF outflows

Since the U.S. Ethereum Spot ETF began trading on July 23, the price of Ethereum has fallen by more than 26 percent, with a cumulative net outflow of $420.50 million.
However, Aurelie Barthere, principal research analyst at Nansen's on-chain analytics platform, said the decline in the price of Ethereum was not due to the continued outflow of funds from ETFs, but rather to investors' lack of risk appetite.