Ether’s price is facing challenges as spot buying and spot Ethereum ETF outflows decline, indicating weakening demand. The price has shown lower highs and lower lows since hitting all-time highs of $4,950. Spot volume delta suggests a lack of buyers, potentially leading to continued consolidation or a deeper pullback.ETH must find fresh buyers to break above key levels and continue its uptrend. Additionally, decreasing demand for spot Ethereum ETFs and open interest in Ether futures signal reduced leverage and weaker bullish sentiment. Ethereum network revenue dropped by 44% in August, despite the price hitting all-time highs. The price technicals indicate a possible drop to $3,550 if the support level at $4,200 is breached, with potential bounce areas at $3,745 or $3,800-$3,900.

Read more at Cointelegraph: Ethereum Price at Risk of an 18% Decline: Here’s Why