Ethereum Under Pressure: ETF Withdrawals Fuel Market Decline

Continued withdrawals from Ethereum exchange-traded funds (ETFs) are putting downward pressure on the cryptocurrency’s price. With investors withdrawing more than $32 million weekly, a total of $170 million has flowed out of ETFs this month alone, prompting concerns about ETH’s future performance. Analysts predict a potential decline to around $1,100 if the trend continues.