$ETH faced renewed pressure this week as spot Ethereum ETFs recorded $109.4 million in net outflows, signaling cooling institutional demand at a critical juncture for the asset.

On the technical side, ETH is consolidating around the $4,250 zone, where bid walls provide short-term support. However, heavy ask walls and weakening momentum indicators suggest that bulls are losing steam. The RSI has retreated from earlier highs, while the MACD shows fading strength, pointing to the risk of further downside if demand does not return.

Key levels remain clearly defined: resistance at $4,749 could open the path toward $5,000 if reclaimed, while a breakdown below support may expose ETH to the $3,747–$3,628 range.

With #ETF flows turning negative and momentum indicators cooling, Ethereum is at a crossroads where the next move could define its near-term trajectory.

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