The Ethereum digital currency has experienced a wave of strong selling pressure, driven by significant outflows from exchange-traded funds and increased activity from whales, leading to a sharp decline in price and noticeable market volatility. Huge outflows recorded from Ethereum exchange-traded funds

Data from SoSoValue showed that US spot Ethereum exchange-traded funds recorded net outflows of $94.3 million on February 26. BlackRock topped the list of outflows with $69.7 million, followed by Fidelity with $18.3 million, and Grayscale with $3 million. Over the week