Ethereum fails again above $4K as traders grow frustrated with shakeouts

Ether ran into resistance at $4,000 as the absence of new buyers and weak spot Ethereum flows threatened ETH price dropping to $3,100 next.

Key takeaways:

Declining spot buying and mounting spot Ethereum ETF outflows signal weak demand, risking further losses for Ether.

Ether’s bear flag projects a 20% price drop to $3,100.

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