Ethereum's price fell over 8% to $3,206.97 in the past 24 hours, driven by significant outflows and selling pressure. U.S.-listed ether ETFs experienced $1.4 billion in net outflows since late October, while long-term holders have been selling approximately 45,000 ETH daily. Additionally, network activity has declined, with monthly active addresses decreasing to 8.2 million and transaction fees dropping 42% to $27 million.