Ether struggles to hold above $2,000 amid concerns over corporate earnings, US debt, and global tensions. Institutional demand for Ether cools as investors favor short-term US government bonds, leading to $242 million in net outflows from Ether ETFs. Traders fear further price correction as Ether underperforms the crypto market. Despite macroeconomic trends, Ether’s performance raises questions about its competitiveness. The decline in Ether price by 38% in 30 days negatively impacts network fees and staking incentives. Professional traders show bearish sentiment through ETH derivatives metrics, with put options trading at a premium. Traders’ focus remains on corporate earnings, US debt refinancing, and global tensions, keeping pressure on ETH price.

Read more at Cointelegraph: ETH ETF Outflows Top $242M Despite Ether Holding $2K