Ether fell about 4% from midweek highs to roughly $2,300 after spot Ethereum ETFs reported $75.94M in net outflows, ending a 10-day inflow run that had brought in over $630M. Analysts attribute flows to institutional profit-taking and caution amid U.S.–Iran tensions and Strait of Hormuz risks. Technical indicators are bearish: ETH is testing an ascending daily trendline, the MACD has formed a bearish crossover and the RSI has weakened. A break below the trendline could target $2,200 then $2,000; a move back above $2,400 would invalidate the bearish setup.

Summary facts: ETH price fell ~4% to ~$2,300; spot ETH ETFs recorded $75.94M net outflows, ending a 10-day inflow streak of >$630M; analysts cite institutional profit-taking and geopolitical risk; daily technicals show trendline test, bearish MACD crossover and weaker RSI. These concrete flow and technical signals point to short-term bearish bias.