ETH hits a 14-month low! Institutional exodus and whale bottom-fishing deepen market divergence

Ethereum (ETH) continued its weak performance today, hovering around $1,564, with an intraday low of $1,548, marking a 14-month low. BTC's loss of the $60k mark triggered market panic, with total long liquidations across the network exceeding $140 million in 24 hours. The ETH/BTC ratio fell to 0.027, a 10-month low.

Spot ETFs continue to bleed: Ethereum spot ETFs have seen net outflows for several consecutive days, with cumulative outflows exceeding $700 million. Institutional funds continue to exit, with major institutions like Grayscale transferring large amounts of ETH to exchanges, creating significant selling pressure.

Fundamental bearish surprise: The Ethereum Foundation announced a 20% staff reduction along with executive departures, raising concerns about the progress of ecosystem development and severely dampening bullish sentiment.

Whales go against the trend to buy the dip: Amid institutional selling, SharpLink broke an 8-month holding gap, spending approximately $62.4 million to purchase nearly 40k ETH. This move is seen as a signal of strategic accumulation, but it is unlikely to reverse the overall weak trend in the short term.

Technicals are overwhelmingly bearish, and ETH is likely to oscillate in a low range of $1,550–$1,585 in the short term. The $1,550 level serves as short-term psychological support; if it is effectively broken, the downside target will directly point to the strong support zone of $1,520 or even $1,500. The first resistance above lies at $1,585–$1,600.

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