Recently, there have been some noteworthy trends in the Ethereum market. Fidelity's Ethereum ETF (FETH) experienced a large net outflow of $272 million yesterday, marking the first significant outflow since August 5. At the same time, Grayscale's Ethereum Trust (ETHE) also saw an outflow of $100 million, resulting in an overall net outflow of $58.05 million for Spot Ethereum.

This phenomenon may be related to recent comments by Federal Reserve official Daly regarding interest rate cuts, suggesting that funds may be shifting towards the bond market. While this may put some pressure on the price of Ethereum in the short term, there are still positive signals in the market. Reports indicate that a newly established address is actively purchasing 17,300 Ether, suggesting that some investors remain optimistic about its long-term prospects.

Market participants are now closely following the upcoming Jackson Hole annual meeting, hoping to gain more insights into monetary policy. If the meeting sends a dovish signal, it could stimulate a rebound in the ETF market. Therefore, for investors looking to invest in Ethereum ETFs, this may be a low-price buying opportunity.

However, investors should keep in mind that the cryptocurrency market is highly volatile, and it is essential to conduct thorough research and risk assessment before making any investment decisions. Moreover, the market environment is constantly changing, and investment strategies should be flexibly adjusted accordingly.