ETH Cracks $2K as Whale Exits and ETF Outflows Accelerate!

Ethereum has broken through the $2,000 psychological floor, touching a session low of $1,970 as selling pressure intensified. The move came alongside $67 million in net outflows from US-listed spot ETH ETFs in a single day, pushing the two-day cumulative total to $102 million — a sharp deterioration in institutional sentiment.

On-chain data adds another layer of concern: wallets holding more than 10,000 ETH have fallen to just 1,050, down 70 addresses in a month. That pace of whale distribution is measurable and sustained, not noise. Compounding the picture, both the Chaikin Money Flow and MACD have turned decisively bearish, while RSI and Stochastic oscillators sit deep in oversold territory — though analysts caution that oversold conditions can persist through a genuine trend break.

The key levels to watch are clear.