Ethereum Price Drops 18%, Bearish Patterns Form on Daily Chart Amid Six-Day ETF Outflow Streak

Ethereum (ETH) price has dropped 18% over the past week amid a six-day ETF outflow streak, totaling $630 million shed by funds. The asset's price is also facing pressure from the liquidation of leveraged traders and broader macroeconomic factors. Technical indicators, such as the MACD and Aroon, are flashing bearish signs, and the formation of multiple bearish patterns on the daily chart suggests more losses ahead.