**Key Takeaways**
– ETH hackers are facing significant losses after panic-selling over 7,800 ETH during a recent market dip, realizing $3.37 million in losses.
– Institutional investors’ confidence in Ethereum appears to be wavering, with ETH treasury firms struggling and ETF outflows steadily increasing.
– Despite these challenges, new developments hint at growing interest from Asia-based investors aiming to bolster Ethereum’s ecosystem.
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### Why Are ETH Hackers Facing Losses?
In a rare case of consistently poor timing in a notoriously volatile market, six hacker-linked wallets panic-sold 7,816 ETH worth approximately $29.1 million at around $3,728 per ETH amid the recent market dip. This move locked in a staggering $3.37 million in realized losses.
Data from Lookonchain reveals that these wallets have collectively lost over $13.4 million due to mistimed ETH trades, repeatedly selling low and subsequently buying back at higher prices. Unfortunately for these hackers, their attempts to capitalize on market movements have backfired spectacularly, leaving them unable to catch a break.
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### Institutional Investors Are Not Entirely Bullish
Ethereum’s biggest backers are showing signs of strain. Bitmine, one of the few treasury firms still actively accumulating ETH, has seen its stock price plunge nearly 30% in the past two weeks. Other ETH-heavy firms such as SharpLink and Bit Digital are also experiencing downward trends.
Meanwhile, ETF data highlights consistent outflows over the past week, signaling increasing bearish sentiment among institutional investors. Analyst TedPillows pointed out that treasury companies are running low on cash, and ETF redemptions are piling up, which could weigh heavily on ETH’s price unless these key players help fuel a strong rebound soon.
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### A New Wave of Asian Interest Emerges
In a potentially game-changing development, AMBCrypto previously reported that the focus may be shifting eastward. Huobi founder Li Lin is reportedly raising $1 billion for a new Asia-led Ethereum treasury firm.
This new venture, backed by major players such as HashKey, Fenbushi Capital, and Meitu, aims to focus on treasury management and Ethereum infrastructure. If successful, it would rank among the largest independent ETH-focused capital initiatives to date, potentially injecting fresh momentum into the market.
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### Ethereum Struggles to Find Its Footing
Ethereum’s recent price action suggests signs of exhaustion. At press time, ETH was trading near $3,878 after a week marked by lower highs. The candlestick pattern indicates weakening bullish momentum, with the 20-day EMA now acting as resistance around $4,136.
Trading volume has declined, and the Relative Strength Index (RSI) is subdued at 41, reflecting limited buying interest among traders. Unless Ethereum can break firmly above the $4,000 level, this move looks more like a temporary pause within a larger downtrend.
For now, the market appears to be waiting for a clearer signal before committing to a decisive direction.
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**Conclusion**
While ETH faces significant headwinds—from hacker losses to institutional uncertainty—the emergence of new investment initiatives, particularly from Asia, could provide a critical boost. Traders and investors alike will be closely watching key resistance levels and market signals in the coming weeks to gauge Ethereum’s next move.
https://eng.ambcrypto.com/ethereum-hackers-lose-13-4m-bitmine-plunges-30-is-eth-in-trouble