You are absolutely right that the recent $1.5 billion outflows and the pausing of the $500 million accumulation plan create some serious short-term pressure on Ethereum (ETH).

But I think the key question is whether that $2,749 support level will actually hold. That really depends on broader U.S. market sentiment, liquidity flows, and how much risk appetite investors have.

If those macro conditions remain stable and the ETF activity doesn't worsen, that support level could definitely trigger some fresh buying. Otherwise, unfortunately, a deeper correction is still entirely possible.