RSI falls below 32, historically a bottoming signal for a bear market, but ETFs are still experiencing net outflows. What exactly are institutions waiting for?

CryptoWorld News reports that analyst Ali Charts states that the price of Ethereum (ETH) has broken below its upward channel and fallen below the 200-hour simple moving average, with an expected move toward $1,580. Currently, Ethereum is trading around $1,696, down more than 2% in the past 24 hours. Additionally, spot Ethereum ETFs recorded a net outflow of $12.77 million, indicating that institutional demand remains uneven. Despite Ethereum's network usage reaching 13.2 million monthly active users in the first quarter, a 53.5% increase, strong usage has not immediately driven a price rebound. Analyst Bottom Sniper pointed out that Ethereum's weekly RSI has dropped below 32, a level historically marking the bottom of a bear market.