<ul><li>Ethereum (ETH) is nearing the $2,000 psychological support level, raising concerns about a potential breakdown as ETFs continue to register outflows.</li><li>In the 4-hour price chart, Ethereum showcases a steep correction with two consecutive completion-range breakdowns. The current market price is $2,093.</li><li>U.S. Ethereum Spot ETFs record another day of outflow with a net outflow of $12.10 million on March 3rd, marking the 8th consecutive outflow day since February 20.</li><li>The downtrend in Ethereum follows a pattern of consolidation ranges followed by breakdowns. If market conditions worsen, Ethereum may break below $2,000 and test the crucial support level at $1,800.</li></ul>

Ethereum in Steep Correction: Will $2,000 Hold or Break?

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