Ethereum Price Drops: ETF Outflows Fuel Market Concerns

Ethereum’s price is facing a significant drop, falling below $3,773 amidst $56 million in ETF outflows. This decline reflects broader market weakness and the impact of institutional withdrawals. Experts are closely watching for further developments and potential shifts in regulation. 12% weekly drops have been observed, highlighting Ethereum’s vulnerability to market trends. Key figures like Vitalik Buterin haven’t publicly commented on this event. The lack of official statements adds to the uncertainty surrounding future price movements.