TechFlow News: On May 18, independent analyst Markus Thielen published a chart analysis indicating that over the past year, the 30-day moving average of daily net inflows into ETH ETFs has closely tracked Ethereum’s price movements—making institutional fund flows a key driver of ETH’s price. However, with the U.S. 10-year Treasury yield rising above 4.6% and inflation accelerating again, Ethereum’s ~2.5% net staking yield is losing appeal relative to risk-free assets. Since May, ETH ETFs have again recorded net outflows; if this trend persists, Ethereum’s price is highly likely to remain in a sideways consolidation pattern.
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