Ethereum's price has dropped 15% over the past week, currently trading at $3,024. This decline comes amid a 16% rise in trading volume to $38 billion. BlackRock has filed in Delaware for a staked ETH ETF, indicating institutional interest despite the price drop. The price decline is also linked to uncertainty over the Federal Reserve's monetary policy, with recent minutes showing a divided stance on a potential December rate cut. Technical analysis shows a bearish trend, with Ethereum trading below key moving averages and nearing oversold levels. Meanwhile, ETH staking has reached a record high of over 33 million tokens, reflecting long-term confidence in the network.