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Red alert for Ethereum as spot ETFs shed $454m

Red alert for Ethereum as spot ETFs shed $454m
The price of Ethereum has been stagnant at $2,100 and has underperformed other cryptocurrencies. Wall Street investors have been selling off Ethereum assets, resulting in a loss of $455 million in Ethereum ETFs. The net inflow into Ethereum ETFs is significantly lower than Bitcoin's. One reason for the weak inflow trends is Ethereum's underperformance since 2024. Additionally, Ethereum is facing competition from other popular blockchains and layer-2 solutions. The current price of Ethereum is near a crucial support level at $2,000 and breaking below it could result in further downward momentum.

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