According to Sosovalue data, Ethereum Spot ETFs in the United States experienced a total of $ 94.3 million on February 26. The biggest output was Blackrock with $ 69.7 million, while he was followed by Fidelity with $ 18.3 million and Grayscale with $ 3 million. Total net outputs in the last week have reached $ 222 million.

ETH is trading at $ 2.340 at the time of the news by losing 5 %in the last 24 hours. According to Coings data, 24 -hour liquidations reached 127.93 million dollars in total.

The weakening of defi activities in the Ethereum ecosystem and the decrease in liquidity were reflected in the total locked value of Ethereum (TVL). TVL has declined to $ 51.5 billion and has declined to its lowest level since November 2024.

Increased sales of whales also increase the pressure on Ethereum. Blockchain Analysis Firm Loveonchain detected two major ETH transfer on February 27th.

One of them was that 8,074 ETH was sold for 19.63 million dollars, and the other was deposited in Binance of $ 23.44 million. These transactions show that large investors have abandoned their positions.

The overall fluctuation in the markets increases the sales pressure on Ethereum. Former US President Donald Trump reiterates the plans to bring 25 %customs duties to the products imported from the European Union created uncertainty on the markets and increased volatility in crypto currencies.

In addition, the last attack on Bybit was a negative factor for Ethereum. North Korea’s Lazarus Group was carried out by the attack, $ 1.4 billion worth of Ethereum was stolen.

Some analysts predicted that Bybit’s purchase of large amounts of ETH from the market could support the price of Ethereum to compensate for this loss. However, the general sales pressure in the market overshadowed these expectations.

However, there are some positive developments that Ethereum can find support despite the current decline trend. If the US confirms Stinging for Ethereum ETFs of the US Securities and Stock Exchange Commission (SEC), it may be possible for Ethereum to become a stronger position as a long -term investment instrument.

In addition, on April 8, a major update for the Ethereum network will take place. This upgrade is expected to attract new developers and investors by increasing the scalability and efficiency of the Ethereum network.

The expansion of the process capacity of Pectra and Ethereum and the healing of user experience may increase the confidence in the ecosystem.

Although Ethereum is currently under sales pressure, upcoming updates and possible regulatory developments may offer the chance to recover in the long run. However, in the short term, ETH price may continue to be under pressure due to whale sales and market uncertainties.