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Crypto

Ethereum Price Under Pressure Amid Net Outflows and Bearish Momentum

Guavy AI Editorial Team
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ETH
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The price of Ethereum (ETH) has declined to $1,879.64, remaining below its key moving averages and indicating subdued short-term momentum.

The U.S. spot Ethereum ETFs recorded a net outflow of $2.26 million for the week ending August 14, marking an end to five consecutive weeks of net inflows.

This shift in institutional demand may dampen market sentiment and limit near-term liquidity for Ethereum, with a range of indicators suggesting bearish momentum.

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