Ethereum faces sustained selling pressure as institutional outflows continue and its price struggles below key technical levels. Spot ETF products have seen roughly $1.13 billion in net outflows over five consecutive weeks. The cryptocurrency is currently trading around $1,924, having broken down from the $2,400 support zone and now testing the $1,900 to $1,950 range.
Ethereum is trading at $1,923.98 after an extended downward price action. This follows a breakdown from the $2,400 support zone, which accelerated downside momentum with increased volume.
The daily chart shows the market remains bearish with a series of lower highs and lower lows. On-Balance Volume continues to trend lower, confirming a lack of sustained accumulation.
Ethereum ETFs have recorded five consecutive weeks of net outflows, offloading roughly 563,600 ETH. Analyst Ali Charts highlighted on his tweet that Ethereum ETFs have recorded five consecutive weeks of net outflows, reflecting sustained institutional caution.
The magnitude of withdrawals has gradually declined week over week. The continued negative flow trend indicates large investors remain in a defensive posture rather than shifting toward accumulation.
Capital is still exiting Ethereum-linked products, but the slowing pace may suggest selling pressure is stabilizing. To eliminate downside risk, Ethereum would need to reclaim the $2,100 to $2,200 range.
Continued ETF outflows coupled with a weak volume structure will likely hinder near-term recoveries. The coin is now sitting just above the $1,900 demand zone.
