Ethereum sinks into bear market as death cross forms amid ETF and staking outflows
Ethereum has officially retreated into a bear market after a roughly 30% drop from this year’s peak, with ETH trading around $3,475 as a death cross — where the short-term moving average crosses below the long-term — takes shape. That pattern is widely viewed as a bearish signal that can presage extended weakness, and it comes alongside growing ETF and staking outflows that point to fading institutional appetite for the token. The combination of technical pressure and capital flight matters because institutional flows have been a stabilizing force for ETH; their reversal can increase volatility and reduce upward liquidity. Traders and holders should watch on-chain flows, staking withdrawals and macro catalysts closely for signs of capitulation or renewed demand, while risk management becomes more important amid the elevated downside risk.