ETH falls 7% over the past week amid $82 million in ETF withdrawals, signaling sustained investor caution.
Ethereum (ETH) traded at $1,670 in early June 24 sessions, down nearly 2% over 24 hours and 7% for the week. The decline follows four consecutive days of ETF outflows, totaling $82 million on June 23, as investor sentiment remains weak.
The cryptocurrency remains below its $1,700 support level and its 200-day simple moving average, a technical indicator suggesting further downside. ETH last peaked at $4,953.73 in August 2023, but macro uncertainty and broader crypto weakness have weighed on prices.
Analysts note that a break above $1,800 may be needed to restore upward momentum, though near-term sentiment remains cautious.