Ethereum Exchange-Traded Funds (ETFs) have once again ended the week with losses, experiencing net outflows as investors remain cautious. Since the end of February, there has been no single week of net inflows, indicating diminishing interest from institutional investors in Ethereum-related products.

Ethereum-based ETFs have seen seven consecutive weeks of net outflows, reflecting continual hesitancy from institutional investors towards the cryptocurrency. This week, there was a 39% increase in outflows, amounting to $82.47 million compared to the previous week's $49 million.

The consistent decrease in institutional participation in the Ethereum market has led to increased selling pressure on the cryptocurrency, resulting in an 11% price drop over the past week. The ongoing outflows from funds tied to Ethereum suggest a possible continuation of the downtrend, potentially pushing the price below $1,500.

Technical indicators on the price chart signal a bearish trend, with the positive directional index (+DI) below the negative directional index (-DI) according to Ethereum's Directional Movement Index (DMI). This indicates a downward market sentiment dominated by selling pressure.

The absence of institutional capital might hinder a significant price recovery for Ethereum in the short term, potentially causing it to fall to $1,395. However, a positive shift in sentiment and increased demand could drive the price up to $2,114.