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Ethereum Crashes Below $3,500, Bears Eye $3,095 Support

The article discusses the current state of the crypto market crash and focuses on Ethereum's performance. Ethereum has fallen by almost 10% in the past 24 hours and is trading below the $3,400 mark. Bears are gaining control of the trend, and there have been massive liquidations and outflows in the Ethereum spot ETF market. The article mentions that the technical indicators are flashing a sell signal, and the possibility of a death cross suggests further downside. Ethereum derivatives have also experienced a drop in open interest and funding rates. The daily net outflow from U.S. Ethereum Spot ETFs has contributed to a bearish trend. The breakdown of the $3,244 support level will determine Ethereum's next price movement, but a potential bounce back is possible if there is bearish exhaustion.

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