Ethereum Struggles Near $3,000 as ETF Outflows Extend for Fourth Day
Ethereum (ETH) is facing renewed pressure as its price remains stuck below the $3,000 level, while spot ETH ETFs record their fourth consecutive day of net outflows 📉💰. This combination is raising short-term caution among traders, despite Ethereum’s strong long-term fundamentals.
📊 ETF Outflows Weigh on ETH
Spot Ethereum ETFs have seen consistent capital exits, signaling reduced institutional appetite in the near term. Analysts suggest that profit-taking and macro uncertainty are pushing funds to the sidelines, temporarily limiting upside momentum.
🧠 Technical Outlook
From a technical perspective, ETH is consolidating below a key psychological resistance.
🔑 $3,000 remains the major breakout level
📉 Failure to reclaim it could lead to further range-bound movement
📈 A recovery above resistance may quickly attract fresh buyers
🌍 Bigger Picture Still Intact
Despite the current slowdown, Ethereum continues to benefit from:
Growing Layer-2 adoption ⚙️
Strong developer activity 🧑💻
Long-term institutional interest 🏦
Many market watchers believe this phase could be a cool-off period before the next major move.
🔮 What’s Next?
Traders are now watching ETF flow data and broader market sentiment closely. A shift back to inflows could reignite bullish momentum for ETH 🚀.
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