Ethereum is at a critical level of support as demand for spot exchange trading capital is waning on Wall Street.
The second largest cipher, Ethereum (ETH), has stagnated at $2,100 over the past few days. The price is about 47% below the December highest level, 45% lower than last year’s highest.
The data shows Wall Street investors continue to dump their assets. According to Sosovalue, all Ethereum ETFs had their assets flowed in $120 million last week after losing $335 million a week ago. It totals $455 million.
The net inflow of these Ethereum ETFs is $2.7 billion, much lower than Bitcoin (BTC) $37 billion.
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The reason for the weak trend in flow is that Ethereum has dropped other cryptocurrencies since 2024.
Additionally, Ethereum ETFs do not allow investors to generate returns by delegating tokens to protect their networks. Data from StakingRewardsshows that Ethereum brings about 3.25%. More than $73 billion in Ethereum coins are being wagered.
Ethereum also faces more challenges. With a fee of $202 million in 2025, he is no longer the most profitable player in the crypto industry. This is lower than the prices on other networks, such as Jito (JTO), Uniswap (Uni), Tron (TRX), and Solana (SoL).
Ethereum’s network also faces substantial competition with popular Layer-1 blockchains such as Solana and BNB, as well as Layer-2 such as Base and Arbitrum.
Ethereum price technology analysis
ETH Price Chart | Source: crypto.news
Daily charts show that ETH prices have been on a strong downward trend over the past few months. It fell from a high of $4,105 last November to $2,160.
The current Ethereum prices are important as they are just above $2,000, slightly above the key support levels. It is also an important level that failed to move down in August and September last year.
Most importantly, this price is on the neckline of the triple top chart pattern. So, losing this support shows even lower momentum and we can see for $1,500 that the next point is psychological level.
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