Ethereum price stalls below $3K as spot ETH ETFs see 4th straight day of net outflows

Ethereum worth is struggling to reclaim the $3,000 stage as sustained exchange-traded fund outflows and weakening derivatives exercise reinforce a risk-off market backdrop.

Ethereum was buying and selling at $2,919 at press time, down 0.5% over the previous 24 hours. The second-largest cryptocurrency has slid 12% over the previous week and is now buying and selling about 41% under its August all-time excessive of $4,946.

On the similar time, buying and selling exercise has cooled noticeably. Every day quantity fell to $22.3 billion, down 27% from the prior session, suggesting fewer merchants are stepping in as costs proceed to stall beneath a key resistance stage.

Derivatives information reveals merchants reducing publicity. In line with CoinGlass information, ETH derivatives quantity fell 31% to $58 billion, whereas open curiosity declined 2.2% to $36.87 billion. Collectively, these strikes point out that positions are being unwound relatively than new leverage being added, a dynamic generally noticed throughout market pullbacks.

ETH ETF outflows prolong to fourth straight day

Stress on Ethereum (ETH) worth has been compounded by continued outflows from U.S. spot ETH ETFs. Information from SoSoValue reveals that ETH ETFs recorded internet outflows of $224.26 million on Dec. 16, marking the fourth consecutive day of withdrawals.

BlackRock’s ETHA led the exodus, with $221 million exiting the fund, whereas Constancy’s FETH noticed a smaller $2.94 million outflow. Weekly ETH ETF outflows have now reached $449 million.

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On the identical day, traders pulled $277 million from Bitcoin ETFs. That transfer lifted whole outflows throughout BTC and ETH funds to over $500 million, the most important single-day withdrawal seen in practically two weeks.

Market sentiment remains to be weighed down by macro uncertainty and total weak point, and establishments look like taking a extra cautious strategy by scaling again their publicity. Whereas 2025 has been a robust yr for crypto-focused institutional merchandise, latest traits present that this momentum is slowing.

Information reveals that in This fall 2025 alone, Ethereum ETFs skilled internet outflows of roughly $1.8 billion, reversing a lot of the earlier influx energy.

Ethereum worth technical evaluation

Ethereum remains to be buying and selling in a transparent medium-term downtrend, with costs making decrease highs and decrease lows. Each bounce to date has been capped under the earlier swing highs.

On the each day chart, ETH has been hugging the decrease Bollinger Band, which often indicators the pattern is constant relatively than reversing. The 20-day easy shifting common, the center line of the Bollinger Bands, has repeatedly acted as resistance, stopping latest rebound makes an attempt.

Ethereum worth technical evaluation. Credit score: crypto.information

The Bollinger Bands are reasonably huge, exhibiting that volatility remains to be shifting in a single path. This makes a sudden transfer increased unlikely and not using a sturdy new catalyst.

Momentum remains to be skewed in favor of sellers. The market remains to be in bearish territory because the 14-day RSI is near 41, under the impartial 50 mark. There hasn’t been any apparent bullish sign or divergence between the relative energy index and the latest worth lows.

Different instruments, together with the MACD, momentum indicators, and a number of other shifting averages, are all exhibiting bearish indicators.

For Ethereum to point out indicators of a short-term restoration, it could want to interrupt again above the $3,060–$3,100 vary and keep there. If it fails to carry $2,900, the draw back might stay in focus, with $2,800 serving as the subsequent necessary help stage.

Learn extra: Bitcoin, Ethereum choices expiry places max ache ranges to the take a look at Dec. 20