Ethereum Experiences Major Outflows Amidst Cautious Market Sentiment

Ethereum ETFs witnessed significant outflows, totaling approximately $74.2 million in a single day. This move coincides with BlackRock’s substantial sale of Ethereum worth $165.1 million, sparking concerns about the cryptocurrency’s future trajectory. Institutional investors are displaying caution amidst market volatility and Ethereum’s struggles to break through key resistance levels.