Ethereum Struggles Below $4K Amidst Weak Demand and Rising Institutional Interest

Ethereum’s price is facing renewed challenges, struggling to break above the $4,000 mark as weak demand continues to weigh on the market. This lackluster performance is reflected in a significant drop in ETH spot volume, signaling strong selling pressure on exchanges. 180,000 ETH was withdrawn from various trading platforms this past day, marking one of the largest single-day outflows seen all year. Despite holding near the $3,900–$4,000 level, buyers remain absent, with green volume bars scarce. This suggests that any recent price gains lack the necessary sustained support to propel Ethereum upwards.