Market Sentiment and ETF Outflows - Ethereum's market sentiment remains weak following a recent market crash, with institutional investors reducing participation and spot market participants trimming holdings, potentially leading to continued consolidation or a breakdown of the $4,000 resistance level [1] - ETH-backed ETFs experienced significant outflows, totaling $428.52 million on Monday, marking the largest single-day capital exit since August 4 [2][4] - BlackRock's iShares Ethereum Trust led the outflows with $310.13 million, followed by Grayscale's Ethereum Trust at $20.99 million and Fidelity's Ethereum Fund at $19.12 million [3] Technical Analysis - Current trading levels show Ethereum below its Super Trend indicator, which acts as dynamic resistance at $4,561, while ETH is trading at $3,986 [6] - The Super Trend indicator suggests bearish control over the market, indicating that downward momentum could persist, making it challenging for ETH to regain strength in the near term [8] - If bullish sentiment does not improve, ETH may decline below the critical $4,000 level, potentially reaching $3,626 and possibly dropping further to $3,215 [9]