ETH is under significant pressure, trading around $2,856 (-10% weekly ), as large shareholders accelerate capital withdrawals. A large whale transferred 17,823 ETH worth $51.4 million to Binance, realizing a profit of approximately $15.36 million. At the same time, institutional ETFs recorded five consecutive days of outflows totaling $533.25 million, wiping out $4 billion in total assets.

🔸 ETH is holding steady at the 0.618 Fibonacci level of $2,807. The momentum indicator is in the oversold zone, but failing to maintain this level opens the door for a drop to $2,633.
🔹 Although there has been a sell-off, the net flow on exchanges has dropped significantly to (-47,100 ETH compared to +46,000 previously). This indicates that selling pressure on exchanges has decreased, potentially paving the way for a recovery to $2,929.
With the sell-off from institutions and net inflows indicating accumulation, is $2,807 an ideal buying zone or a trap before dropping to $2,600?