Ether Price Drops 8% as ETF Outflows Exceed $1.4 Billion, Long-Term ETH Holders Sell Off

Ether (ETH) experienced a significant 8% price decline as cryptocurrency ETFs recorded massive outflows surpassing $1.4 billion. Market data indicates long-term ETH holders are actively selling their positions, contributing to increased selling pressure across digital asset markets. The substantial ETF withdrawals combined with veteran investor distribution signals potential continued volatility for Ethereum's native token in the near term.