Quick overview

Live ETH/USD Chart

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Ethereum (ETH) price has sharply fallen below the $ 4,000 mark. Investors show caution following the October crash and ETF exits. The collapse of the cryptocurrency market. Bitcoin (BTC) and Ethereum (ETH) did not recover to their pre-crash levels, despite bouncing back relatively quickly.

 

Ethereum (ETH), which lost 13 percent over three days, dropped below $ 3,700 yesterday. It briefly surged after hitting a local low, but bears kept ETH at $ 3,923. Bitcoin (BTC), the largest cryptocurrency, is struggling to maintain its price above $105,000, a key threshold for short-term investor expectations.

US investors in spot Ethereum ETFs are pulling significant liquidity as market pessimism persists. While Franklin Templeton, 21 Shares, and Invesco products showed no changes, the six largest ETFs experienced withdrawals. Ethereum ETFs are underperforming; yesterday, BlackRock’s ETHA was the worst.

Market turbulence has negatively impacted Ethereum spot ETFs. According to SoSoValue tracker data, total net outflows across all funds amounted to $232.08. 08 million. BlackRock’s ETHA fund lost $146 million, while Grayscale’s ETHE and Fidelity’s FETH saw outflows of $30 million and $26 million, respectively, in a single day.

This resulted in the third most painful week in the past eight months and the fifth worst week for the Ethereum (ETH) spot ETF segment since its launch in July 2024. After a single-day loss of $367 million, Bitcoin spot ETFs experienced even larger withdrawals, exceeding $500 million.

Selling pressure is rising as traders take profits following recent gains, evidenced by the taker sell dominance in the Spot Taker CVD data. This indicates a gradual transfer of tokens from short-term traders to more patient buyers. In addition, declining social metrics and rising NVT levels suggest Ethereum’s upward trend may soon face resistance. Specifically, if retail inflows decrease, the asset could struggle to maintain its current price range if selling pressure continues.