Ethereum stuck below key price as ETH ETFs see 3rd weekly outflows

Ethereum jumped on Saturday and broke this month's lowest level of $1,762. At the time of publication it was trading at around 1940.57.

ETH, the second-largest cryptocurrency, remains in a deep bearish trend, after falling more than 53% from its December high.One reason for the ongoing sell-off is that investors are on edge as the cryptocurrency and stock markets decline due to President Donald Trump's tariffs.

Third-party data shows that Wall Street investors are continuing to sell their Ethereum ETFs. According to SosoValue, all Ethereum ETFs have lost more than $143 million in assets this week, which is significantly higher than the $119 million loss that occurred last week.

They have been losing their assets continuously for the past three years. In addition, the futures market sends warnings about Ethereum prices. Data shows that weekly linear futures have entered backwardation for the first time since August. Backwardation is a period when futures prices are below the current level.

On the positive side, there are signs that some investors are buying on dips. Donald Trump's World Liberty Financial bought more than $540,000 worth of ETH.