Ethereum Price Hits Two-Month Low Amid ETF Outflows

Ethereum's price has experienced a decline in recent weeks, falling to a two-month low due to a sharp reversal in ETF flows. The cryptocurrency had rallied above $2,400 earlier in May following strong institutional demand and optimism surrounding Ethereum's Pectra upgrade. However, sentiment deteriorated as escalating tensions in the Middle East triggered a broader cryptocurrency selloff.

Despite the recent weakness, many analysts continue to view Ethereum as one of the strongest long-term digital asset adoption stories. The expanding staking participation, growing stablecoin activity, tokenization initiatives, and increasing institutional engagement are all contributing to Ethereum's positive fundamental outlook.