Ethereum is experiencing selling pressure as traders take profits from its recent bull run, driven by macroeconomic factors and ETF inflows. The price has dropped significantly following major ETH ETF inflows and the volatility of US economic events impacting trader sentiment. QCP Capital highlighted that ETH’s rally is taking place against a backdrop of softer headline CPI data and strong expectations for a September Fed rate cut, but also notes upcoming Jackson Hole remarks and CPI/NFP prints as potential sentiment pivots. While the recent ETF inflows have contributed to Ethereum’s price surge, they are now triggering profit-taking, leading to liquidity events and a significant market drop. FlowDesk reports substantial ETH ETF inflows and increased call overwriting, which limits short-term price upside. **Market participants including the Ethereum Foundation and major market makers like Enflux and QCP Capital have closely monitored the rally.** The broader crypto market has also experienced a downward trend due to this volatility. Over $1 billion in leveraged positions was liquidated across various cryptocurrencies, with Ethereum suffering the most significant losses. This reflects the high risk and short-term volatility inherent in the cryptocurrency market during economic uncertainties. As seen in past peaks, such selling pressure and volatility have been observed when ETFs launch or during macroeconomic events like CPI changes or non-farm payroll data. **The situation underscores the need for a cautious assessment of macroeconomic indicators, which significantly influence the dynamics of the crypto market.** It also highlights how quickly the cryptocurrency market can respond to global financial shifts.