Ethereum Price Overshadows Whale Buying to Break $3000 Support, What's Next?

Ethereum price displayed high momentum selling in August’s first week, attributed to geopolitical tensions in the Middle East. The negative outflow trend in spot $ETH ETF bolstered the bearish narrative and plunged the altcoin below $3000 on Friday. Will the current trend continue next week, or are buyers ready to retake control?