Ethereum’s price is facing significant pressure, dropping towards the $3,000 mark, due to record low exchange reserves and escalating market volatility. Institutional investors have been pulling funds out of cryptocurrencies, contributing to a bearish sentiment that threatens to push prices below this key threshold. This decline in liquidity could lead to increased volatility in the short term. The situation is being closely watched by the Federal Reserve as it adjusts policy amid inflation concerns. No recent comments from Ethereum’s co-founder, Vitalik Buterin, have addressed this trend. Recent market activity further underlines a growing distrust of Ethereum – with BlackRock’s ETF outflows and continued withdrawals signaling an uncertain future for the asset.