📉 Price Action

ETH price: ~$2,918

Movement: Down 2.8%

Market comparison: Underperforming overall crypto market

Implication: Ethereum is weaker than other major assets right now, showing short-term selling pressure.

💥 Liquidations

Total crypto liquidations: $582M

ETH long positions wiped: $200M

Implication: Many traders betting on ETH going higher were forced to exit, adding downward pressure.

🏦 ETF Outflows

Ethereum ETF outflows: $224.8M

Institutional interest is decreasing temporarily

Implication: Big investors are pulling out, which can amplify short-term dips and reduce buying support.

⚖️ Takeaway

Short-term sentiment for ETH is negative, mainly due to ETF outflows and liquidations.

If you’re holding ETH long-term, this may be a temporary dip.

Traders should watch for support levels near $2,900–$2,950 to see if the market stabilizes.

If you want, I can suggest a risk-based strategy for ETH today, including potential stop-loss and entry points. Do you want me to do that?