U.S. Ethereum ETFs saw $197 million in outflows, marking the second-highest daily withdrawal ever. This event coincides with a surge of pending ETH unstaking requests totaling $3.9 billion. Both Ethereum and Bitcoin are experiencing price corrections as investors take profits from significant gains and react to geopolitical tensions surrounding U.S.-Ukraine-Russia negotiations. Technical analysts note that Ethereum must maintain a support level around $4,400. Ethereum has recently surged 66% over the year, attracting substantial institutional interest. Despite the outflows, analysts see a potential for Ethereum to capture a larger market share than Bitcoin measured in ETFs. The overall market continues to react to macroeconomic signals and political developments, indicating cautious optimisim among investors.

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