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

Ethereum value is struggling to reclaim the $3,000 degree 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 degree.

Derivatives knowledge reveals merchants reducing publicity. In keeping with CoinGlass knowledge, 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 lengthen to fourth straight day

Stress on Ethereum (ETH) value has been compounded by continued outflows from U.S. spot ETH ETFs. Information from SoSoValue reveals that ETH ETFs recorded web 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 largest single-day withdrawal seen in almost two weeks.

Market sentiment continues to be weighed down by macro uncertainty and general weak spot, and establishments seem like taking a extra cautious method by scaling again their publicity. Whereas 2025 has been a powerful 12 months for crypto-focused institutional merchandise, current traits present that this momentum is slowing.

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

Ethereum value technical evaluation

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

On the each day chart, ETH has been hugging the decrease Bollinger Band, which normally alerts the pattern is continuous relatively than reversing. The 20-day easy transferring common, the center line of the Bollinger Bands, has repeatedly acted as resistance, stopping current rebound makes an attempt.

Ethereum value technical evaluation. Credit score: crypto.information

The Bollinger Bands are reasonably extensive, displaying that volatility continues to be transferring in a single route. This makes a sudden transfer greater unlikely with no robust new catalyst.

Momentum continues to be skewed in favor of sellers. The market continues 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 current value lows.

Different instruments, together with the MACD, momentum indicators, and several other transferring averages, are all displaying bearish alerts.

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 may stay in focus, with $2,800 serving as the subsequent vital assist degree.

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