Ethereum‘s price has faced consistent downward pressure in recent months, echoing trends seen in other major cryptocurrencies. On Sunday, ETH traded at $2,235, standing just below a crucial resistance level at $2,781. US-based investors have accelerated their selloff of Ethereum exchange-traded funds, driven by concerns that the coin might remain weak in the near term. Spot ETH ETFs recorded outflows of $93 million on Friday, following $99 million in redemptions on Thursday. Altogether, these funds shed $431 million during the previous week, marking a sixth consecutive week of outflows.