Ethereum has recently experienced significant selling pressure, reflecting investor uncertainty amid ongoing market volatility. BlackRock's management of its Ethereum ETF shows a troubling trend of buying high and selling low, raising concerns among analysts. While institutional sentiment remains mixed, positive policy developments have allowed ETH to rebound to around $3,000, highlighting the influence of external factors on market sentiment. However, questions remain about the sustainability of this rebound amidst continued uncertainty in investor strategies.