Ether ETF Outflows End 8-Day Inflow, Threaten ETH’s Rally
Spot Ether ETFs recorded $59.3 million in net outflows on Friday, ending an eight-day inflow streak that had attracted $3.7 billion. Since their July 2024 launch, these funds have amassed $12.68 billion. Ether’s price briefly approached its 2021 peak of $4,878 before retreating to around $4,448. Analysts warn that sustained Ether ETF inflows are critical to maintain bullish momentum and support a sustained recovery. On-chain metrics show 877,106 ETH queued for withdrawal, but ETF and treasury buying has offset some selling pressure. Over the past 30 days, Ether has gained nearly 30%, outpacing Bitcoin’s performance. Nansen’s Jake Kennis says the rally depends on strong flows and positive narrative, while trader Langerius forecasts a $10,000 price if weekly inflows persist. Traders will monitor ETF flows, staking developments and market sentiment as key indicators for Ethereum’s next move.
Bearish
Short term, ETF outflows often trigger price corrections as institutional selling pressure mounts and market sentiment cools. The recent $59.3 million pullback ended a strong inflow streak, causing ETH to retreat from its 2021 peak. Traders may adopt a cautious stance until inflows resume. In the long term, Ethereum’s recovery still hinges on sustained institutional demand, staking growth and on-chain metrics. If weekly inflows pick up again and narrative remains strong, ETH could reclaim its uptrend. However, without consistent ETF support, bearish pressure may persist.