What is behind the current levels of ETH and what can be anticipated in the short term?

The price of #ETH , like BTC, is at a crossroads marked by tariff uncertainty. It retreated while #BTC approached the $67,000 zone during Sunday trading, amid renewed trade tensions. Investors are assessing the possibility of a new tariff escalation despite the Supreme Court ruling issued last week.

Institutional outflows are also affecting the current dynamics. This month, spot Ethereum ETFs have accumulated withdrawals exceeding $450 million. This trend is not recent: in the three previous months, they recorded outflows greater than $353 million, $616 million, and $1.4 billion, respectively, indicating a persistence in reducing exposure.

Additionally, there are geopolitical risks, such as the possibility of a U.S. attack on Iran or a new intensification of the trade war, which increase caution. In this environment, the decrease in demand in the ETH ETF and futures markets suggests that the asset could remain under pressure in the short term.

A significant on-chain movement linked to addresses associated with Vitalik Buterin was also noted. During the day, 571 ETH were sold, equivalent to approximately $1.13 million. Previously, the address vitalik.eth withdrew 3,500 ETH from Aave, valued at around $6.95 million. The alert was published on February 22 by the account @lookonchain on X.