The price of Ethereum has dropped to an eight-week low of $2,600, resulting in losses for ETH holders. Despite this, institutional investors see it as a buying opportunity and are accumulating the asset. The decline has caused a negative sentiment among traders, but long-term investors may take advantage of discounted prices if the market stabilizes. The US spot Ethereum ETF market has seen a high inflow of ETH, indicating institutional interest. While short-term price movements are volatile, sustained institutional inflows could stabilize Ethereum's price. The current market conditions make Ethereum vulnerable to consolidation, but a potential recovery could occur if it reclaims the $2,698 support level. If it fails to hold the $2,546 support level, the downtrend could worsen, reinforcing bearish sentiment.



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