Ethereum is currently experiencing significant market pressure at the $4,100 price level, particularly in light of recent developments where VanEck, a prominent asset management firm, is actively advocating for the approval of the first-ever exchange-traded fund (ETF) that would be backed by staked Ether (ETH). This effort by VanEck is highlighting the increasing interest in staking within the Ethereum ecosystem and could potentially have a profound impact on the cryptocurrency's market dynamics as investors react to the potential for greater accessibility to ETH through regulated financial products.
source: https://blocknews.com/ethereum-faces-pressure-at-4100-as-vaneck-pushes-for-first-staked-eth-etf/