Ethereum's $ETH price is currently trading at $3,383, marking an 8% decline over the past 24 hours. The cryptocurrency's price ranged between a low of $3,357 and a high of $3,687 during the same period.
ETF Outflows Add to Bearish Sentiment:
Ethereum ETFs saw a significant outflow of $86 million, with Fidelity accounting for the bulk of the sell-off, offloading $67 million worth of ETH ETFs. Market participants are still awaiting data from BlackRock, which could further influence price trends.
As selling pressure mounts, traders are advised to exercise caution and monitor key support levels for potential entry points.
