ETH ETF Day 1: What’s Behind Ethereum’s Price Drop? w/ Zeneca

The Ethereum ETF is officially here! But did it live up to the hype? In this episode of The Milk Road Show, we break down the first day of trading and discuss the good, the bad, and the confusing (looking at you, inflows vs. outflows). Plus, Zeneca, an early ETH adopter, gives his price predictions for ETH and shares his own investment strategy for the coming months.

What you'll learn in this episode:

• ETH ETF Day 1: $1 Billion in volume sounds great, but what does it actually mean for the price of ETH?
• Inflows vs. Outflows vs. Volume: We clear up the confusion around these terms and explain why they matter for understanding the ETF's impact on ETH price.
• ETH Price Prediction: Zeneca, who bought ETH at $100, gives his insights on where he thinks the price of Ethereum is headed in the short and long term.

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Zeneca’s X: ⁠⁠⁠⁠⁠https://x.com/Zeneca⁠⁠⁠⁠⁠

ZenAcademy: ⁠⁠⁠⁠⁠https://x.com/ZenAcademy⁠⁠⁠⁠⁠

ZenDaily: ⁠⁠⁠⁠⁠https://zendaily.xyz/⁠⁠⁠⁠⁠

Zeneca’s Substack: ⁠⁠⁠⁠⁠https://zeneca33.substack.com/⁠⁠⁠⁠⁠

⏱ TIME POINTS ⏱

00:00 - Intro

00:45 - Zeneca's reaction to the first day of ETH ETF

01:40 - What are inflows and outflows?

05:10 - What happened with Bitcoin and what can we expect with ETH?

08:28 - The problem with TradFi Terminal

10:12 - How did the Ethereum price react to the ETF?

11:45 - CoinGecko API

12:32 - What can you expect in the short term with Ethereum price?

15:20 - Zeneca's sell target price

20:22 - Zeneca's ATH price target

21:17 - What's the bottom of the next bear?