Ethereum ETFs Face Pressure: $94.7M Withdrawn for Third Consecutive Day
- Outflow Trend: On January 9, Ethereum ETFs experienced a net outflow of $94.73 million, marking the third consecutive day of withdrawals, indicating a significant decline in investor confidence, primarily driven by BlackRock's iShares Ethereum Trust (ETHA) which saw $84.69 million exit.
- Market Volatility Impact: The broader cryptocurrency market faced heightened volatility in early 2025, prompting profit-taking and portfolio rebalancing among investors, which exacerbated the outflow from the ETFs and reflected uncertainty in short-term demand for Ethereum.
- Arbitrage Trading Factors: The conversion of Grayscale's Ethereum Trust (ETHE) from a closed-end trust to an ETF allowed arbitrageurs to exit at net asset value (NAV), contributing to the outflow trend, highlighting structural adjustments that intensified short-term withdrawals.
- Long-Term Outlook: Despite the concerning short-term outflows, analysts emphasize that the existence of these ETFs provides a crucial entry point for institutional investment, with future success hinging on technological advancements within the Ethereum network and clarity in regulatory frameworks.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 734.244 | 1241.022 | 1701.084 | 2207.862 | 2667.924 | 3174.702 | 3634.764 |
| Fibonacci | 1241.022 | 1610.355 | 1838.529 | 2207.862 | 2577.195 | 2805.369 | 3174.702 |
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