Ethereum Under Pressure

Price Movement: Ethereum (ETH) is currently trading at $1,572, experiencing a 3.4% decline overnight. While it has gained 6.6% over the past week, it remains down over 52% for the year and is 68% below its all-time high.

Market Dynamics: Ethereum-based Spot ETF products witnessed outflows of $14 million on Tuesday, indicating potential investor caution.