Ethereum ETF ‘Diamond Hands’ Face Their Harshest Test At $2,000

Ethereum ETF investors are sitting on a far uglier entry point than their bitcoin counterparts, according to Bloomberg Intelligence analyst James Seyffart, with spot ETH funds now absorbing a drawdown that has left many buyers deep underwater. “Ethereum ETF holders are sitting in a worse position than their Bitcoin ETF brethren,” Seyffart wrote on X late Tuesday. “The current ETH price of $2,000 is way below their average cost basis of ETF holders at about ~$3,500. It’s a painful proposition source: https://www.newsbtc.com/news/ethereum/ethereum-etf-diamond-hands-harshest-test-at-2000/