Ethereum is currently experiencing notable pressure on its price, with recent reports indicating $345 million in outflows from ETH exchange-traded funds (ETFs).
This outflow comes at a time when the fundamentals of Ethereum appear strong, particularly with growth in tokenization and total value locked in real-world assets.
However, the stagnation of decentralized applications (DApps) alongside these outflows raises concerns about the potential for ETH to dip below the $1,500 mark.