The post Ethereum price is slowly forming a risky pattern appeared on BitcoinEthereumNews.com. Ethereum price has remained on edge in the past few months, moving from the year-to-date high of $4,945 in August to the current $3,412.  Summary Ethereum price is slowly forming a death cross pattern on the daily chart.  It is also forming a bearish pennant pattern as its weakness persists. Ethereum ETF outflows have continued in the past few weeks Ethereum (ETH) token has pulled back as sentiment in the industry has waned, with the Crypto Fear and Greed Index moving to the fear zone of 25.  It has dropped as investors have continued to pare back their positions in the past few months. Data shows that Ethereum ETF inflows have slowed, a sign that demand is waning after the large liquidation in October.  Spot Ethereum ETFs shed over $507 million last week after adding $15.7 million a week earlier. Before that, they had net outflows in the previous two consecutive weeks. As a result, the cumulative net outflow has moved from nearly $15 billion earlier this year to $13.86 billion.  Ethereum price has also plunged as investors have reduced their use of leverage. The futures open interest has been on a strong downtrend, moving from a peak of $70 billion in August to a low of $39 billion today.  The weakness in the futures market is notable because it is one of the most active in the crypto industry. Most notably, volume in the spot market has also continued falling in the past few months. Ethereum is also struggling as cracks start to emerge among treasury companies. Top Ethereum treasury stocks like BitMine, SharpLink, and ETHZilla have all plunged recently.  ETHZilla has even sold some of its Ethereum holdings in a bid to boost its stock through buybacks. With the NAV multiples falling, there is a risk that either… The post Ethereum price is slowly forming a risky pattern appeared on BitcoinEthereumNews.com. Ethereum price has remained on edge in the past few months, moving from the year-to-date high of $4,945 in August to the current $3,412.  Summary Ethereum price is slowly forming a death cross pattern on the daily chart.  It is also forming a bearish pennant pattern as its weakness persists. Ethereum ETF outflows have continued in the past few weeks Ethereum (ETH) token has pulled back as sentiment in the industry has waned, with the Crypto Fear and Greed Index moving to the fear zone of 25.  It has dropped as investors have continued to pare back their positions in the past few months. Data shows that Ethereum ETF inflows have slowed, a sign that demand is waning after the large liquidation in October.  Spot Ethereum ETFs shed over $507 million last week after adding $15.7 million a week earlier. Before that, they had net outflows in the previous two consecutive weeks. As a result, the cumulative net outflow has moved from nearly $15 billion earlier this year to $13.86 billion.  Ethereum price has also plunged as investors have reduced their use of leverage. The futures open interest has been on a strong downtrend, moving from a peak of $70 billion in August to a low of $39 billion today.  The weakness in the futures market is notable because it is one of the most active in the crypto industry. Most notably, volume in the spot market has also continued falling in the past few months. Ethereum is also struggling as cracks start to emerge among treasury companies. Top Ethereum treasury stocks like BitMine, SharpLink, and ETHZilla have all plunged recently.  ETHZilla has even sold some of its Ethereum holdings in a bid to boost its stock through buybacks. With the NAV multiples falling, there is a risk that either…