Ethereum Price Drops Below $3,000 Despite Blackrock’s Staked ETH ETF Filing

Ethereum price has experienced notable decline, dipping below the $3,000 mark and reaching a low of $2,985.21 as selling pressure intensifies. Institutional investors are contributing to this sell-off, with a sizable corporate liquidation involving 10,922 ETH. The current technical structure exhibits a pattern of weakness. Resistance level at $3,170 remains unbreached as moving averages continue to trend downwards.