🚨 ETH Under Pressure as Smart Money Rotates

Ethereum is facing fresh selling pressure as Arthur Hayes, co founder of BitMEX, rotates nearly $2 million worth of $ETH into select DeFi tokens

This move comes at a critical time, with Ethereum trading sideways around the psychological $3,000 level and struggling to regain upside momentum.

💡 Why the shift to DeFi?

Hayes believes improving liquidity conditions could benefit high quality DeFi tokens more than large cap layer one assets. In a risk on environment, he sees DeFi as the next potential outperformer, while ETH may lag in the short term.

📉 More pressure from institutions

Ethereum’s weakness is not just about rotation. Spot ETH ETFs recorded over $600 million in outflows in a single week, adding to downside pressure. On chain data also shows Hayes sending ETH to exchanges, signaling active repositioning rather than simple custody movement.

📊 Key levels to watch

• $3,000 as the current consolidation zone

• A move above $3,200 could revive bullish momentum

• Loss of support may trigger a pullback toward $2,700 to $2,800

🔥 Big question

Is this just a temporary pause for ETH, or the early signs of DeFi taking the lead in the next market phase?

What are you watching next, ETH or DeFi? ⤵️