🔔 Ethereum Update: ETH has seen a sharp 20% drop since December, facing resistance at $4,000. This downturn aligns with Bitcoin's sell-off and outflows from Ethereum ETFs, which saw $159M out on Wednesday. Despite this, ETFs have netted $2.5B since 2024 approval. 📉

Exchange balances rose to 15.85M ETH, signaling potential investor sell-offs. Rising U.S. bond yields and a hawkish Fed are also impacting ETH.

Yet, ETH remains above key moving averages, forming a bullish inverse head and shoulders pattern. Will ETH break $4,085? Share your thoughts below! 💬