Ethereum risks breaking $3,300 support as DEX activity falls, ETF outflows
Ethereum has lost momentum after a recent pause in trading activity, slipping to roughly $3,448 and down about 3% over 24 hours. On-chain indicators show declining DEX volumes and softer swap activity, while reported outflows from ETH exchange-traded products have reduced a key source of demand. Together these factors have dulled investor confidence and increased the chance that the $3,300 support level could be tested.
A break below $3,300 would be notable for traders and DeFi participants because it could trigger stop-losses and accelerate liquidation pressure across margin positions. Market-watchers will be watching DEX throughput, ETF flow data and staking withdrawals for signs of recovery or further weakness. For now the outlook is cautious: the confluence of lower on-chain activity and product outflows is keeping near-term sentiment tilted negative.