Ethereum spot exchange-traded funds have experienced significant outflows totaling $163 million this week. This trend coincides with the leading altcoin struggling to break through the formidable $3,400 resistance level. The current bearish sentiment surrounding Ethereum raises concerns among investors about the token’s stability. Many are left questioning how external market pressures may impact Ethereum’s performance. As traders assess their positions, the crypto landscape appears uncertain. Will the outflows lead to a further decline, or can Ethereum regain its footing? The market watches closely for signals of recovery.