Ethereum Eyes Sub-$3,000 Territory Amid Spot ETF Withdrawal and Technical Downtrend
Ethereum (ETH) is showing signs of potential further decline as institutional support wanes and technical indicators signal bearish momentum. Over the past month, Ether’s price has dropped approximately 14%, slipping from above $4,000 to around $3,724 as of Monday. This downturn comes alongside declining inflows into spot Ethereum exchange-traded funds (ETFs) and weakening demand among major holders. ETF outflows weigh on Ether Data from SoSoValue reveal that U.S.-based spot Ether ETFs have experienced outflows for three straight days, with a cumulative withdrawal surpassing $360 million. This pullback in capital reflects a broader trend of risk aversion among investors, who are












