🔷Ethereum is facing growing headwinds as net outflows from spot ETFs surpassed $780M over the past week, with nearly $447M pulled on Friday following weak U.S. jobs data. Despite the pressure, ETH has managed to hold relatively steady thanks to strategic purchases from Digital Asset Treasury, Bitmine, and The Ether Machine.
🔷Even so, the market remains fragile: weaker labor data has heightened expectations of a Fed rate cut, but prices have yet to see a meaningful rebound. Major altcoins are showing muted performance, and the next move for ETH will largely hinge on Bitcoin’s ability to defend its key support levels.