Ethereum ETFs Record $32M Weekly Outflow, Is An ETH Price Crash To $1.1K Imminent?
The post Ethereum ETFs Record $32M Weekly Outflow, Is An ETH Price Crash To $1.1K Imminent? appeared on BitcoinEthereumNews.com.
The ETH price’s bearish sentiment since January 2025 has taken a toll on investor confidence, with Ethereum ETFs witnessing significant outflows. As ETH’s value continues to plummet, investors increasingly withdraw their funds. With Ethereum exchange-traded funds recording a massive $32 million in weekly outflows, analysts caution against a potential downtrend. As Ethereum lingers below the $2,000 mark for weeks, market experts and traders are bracing for a potential further decline to $1,100. Let’s dive deeper into the reasons behind the significant outflows from Ethereum ETFs and their potential impact on the ETH price. Ethereum ETFs Record $32M Weekly Outflows: What’s Happening? According to SoSoValue, Ethereum ETFs experienced increasing outflows over the past week, driven by the overarching negative market trend. Last week, the ETFs saw a total net outflow of $32.17 million, pushing the month’s outflows to $170.99 million. In addition, the Ethereum exchange-traded funds experienced an unusual day of neutral flows yesterday, with neither net inflows nor outflows reported. Analyst Ali Martinez shed light on the increasing whale activity over the past week. According to his X post, ETH whales have offloaded 143,000 tokens last week. Significantly, this negative sentiment could be attributed to the ETH price’s bearish trend, which began in January. Ethereum, which stood high-headed above $3,500 at the onset of 2025, started plummeting to reach a severe low of $1,500 in April. This steady downtrend has caused a stir in the market, with traders showing less interest in the altcoin. Is ETH Price Poised for a Crash? Growing pessimism surrounding Ethereum ETFs has led analysts to warn the community that ETH’s price may extend its downward trajectory. For instance, analyst Altcoin Gordon shared a bearish forecast for the ETH price, predicting that the token would further drop to $1,100. However, as per CoinGape’s Ethereum price prediction,…
Filed under: News - @ April 18, 2025 6:19 pm