Ethereum (ETH) is currently trading in a weak zone around $2,200- $2,350, down over 2% in the last 24 hours. The coin is facing pressure due to three consecutive days of spot ETF outflows totaling over $170 million, including $88.58M on Oct 26 and $21.41M on Oct 28, led by BlackRock's ETHA. Technically, ETH is trading below its 200-day EMA near $2,316 and its MACD remains bearish at -57.69, with immediate support at $2,290-$2,300. If this support breaks, analysts are watching $2,200 and even $2,000 as the next downside target. For a recovery, ETH needs to reclaim $2,385-$2,400, which has acted as a strong resistance after its rejection from $2,800 highs in late November

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