Ethereum has failed to reclaim the $2.6K level, suggesting that the price could continue its downtrend towards the $2.1K support. 📉 On the daily chart, there was a 15% drop due to intense selling pressure, and the "Death Cross" signal indicates that the market could decline further.

On the 4-hour chart, ETH is trading sideways at the $2.3K support. If it falls below this level, the $2K psychological support could be targeted.

In onchain analysis, Bitcoin ETFs saw strong demand with $29.1 billion inflows, while Ethereum ETFs experienced $4.1 billion outflows. This suggests that Bitcoin is gaining more interest among institutional investors. 🚀