Affected by escalating geopolitical tensions and weak market sentiment, Ethereum (ETH) has dropped about 4% in the past 24 hours, with weekly decline expanding to approximately 6%. Institutional demand remains weak, with US spot ETH ETFs experiencing outflows for seven consecutive days, totaling nearly $392 million; retail interest has also waned, as indicated by the Coinbase Premium Index being negative. Nevertheless, on-chain data shows that whales continue to accumulate, with derivative exposure around 14.7 million ETH. Technical analysis indicates that ETH is currently trading near $1,981, below its 20-day moving average, with key support at $1,911 and resistance at $2,108.