Ethereum ETFs Lose $1.07 Billion as ETH Price Nears Critical $2,300 Support

Ethereum exchange-traded funds (ETFs) have recorded approximately $1.07 billion in net outflows over 30 days, reflecting sustained investor withdrawals. The decline comes as Ethereum struggles near $2,300, with institutional investment flows showing limited signs of recovery.

According to SoSoValue data, the eleven tracked U.S. spot Ethereum ETFs have accumulated $12.56 billion in historical net inflows, with approximately $14.53 billion in combined net assets despite recent withdrawals. Their holdings represent 5.11% of Ethereum’s total market capitalization, highlighting the substantial institutional exposure to the cryptocurrency.

Meanwhile, the latest daily figures show $4.35 million in net inflows, marking a positive session amid persistent monthly withdrawals. This modest increase contrasts with the broader selling trend that has affected Ethereum investment products throughout the reporting period.

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Ethereum ETF Withdrawals Mount as ETH Tests Major Price Support

Ethereum traded around $2,332.98 on October 26, following a decline from recent highs near $2,800, according to TradingView data. The cryptocurrency has also fallen below several moving averages, reflecting sustained downward pressure across its technical indicators.

Significantly, Ethereum’s price has approached the $2,300 region, where its long-term moving average provides an important technical reference. A sustained decline below this level could expose the cryptocurrency to additional selling pressure, with $2,200 emerging as another support area.

Meanwhile, the $2,450 to $2,500 range remains an important resistance zone following Ethereum’s retreat from higher price levels. Recovering this region would place ETH above its immediate resistance levels and potentially improve its technical outlook.

Ethereum ETF Inflows Show Early Signs of Stabilization

The ETF figures reveal a considerable difference between recent withdrawals and the investment products’ accumulated historical inflows. Despite losing $1.07 billion during the reporting period, the funds retain substantial assets and positive cumulative net inflows.

Additionally, the latest $4.35 million daily inflow represents only a small portion of the capital withdrawn over 30 days. This difference highlights the scale of investment required to offset the recent decline in institutional ETF exposure. Ethereum’s price performance and ETF activity remain closely linked to broader cryptocurrency market conditions and changing investor demand.

A sustained recovery in fund inflows could accompany stronger buying activity, particularly if Ethereum regains its nearby resistance levels. Meanwhile, the $2,300 support region and subsequent ETF flow reports remain important developments in Ethereum’s market performance.

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