Ethereum’s $3,400 Ceiling Sparks $163 Million ETF Outflows

BE[IN]CRYPTO11-22 19:09

ETH ETFs have seen $163M outflows this week, the third-largest weekly decline since July, as bullish sentiment wanes near $3,400 resistance. Profit-taking and bearish signals emerge, with the ETH/BTC...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum’s $3,400 Ceiling Sparks $163 Million ETF Outflows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/ethereums-ceiling-sparks-etf-outflows/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ETH ETFs have seen $163M outflows this week, the third-largest weekly decline since July, as bullish sentiment wanes near $3,400 resistance. \nProfit-taking and bearish signals emerge, with the ETH/BTC...</p>\n\n<a href=\"https://beincrypto.com/ethereums-ceiling-sparks-etf-outflows/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDN","symbol_name":"First Trust Dow Jones Internet I","start_time":0,"source_url":"https://beincrypto.com/ethereums-ceiling-sparks-etf-outflows/","article_id":"2485591702","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/09/bic_ethereum_ETF-covers_negative-850x479.jpg.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485591702","pubTimestamp":1732273799,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"ETH ETFs have seen $163M outflows this week, the third-largest weekly decline since July, as bullish sentiment wanes near $3,400 resistance.Profit-taking and bearish signals emerge, with the ETH/BTC ratio hitting a multi-year low and Aroon Up Line signaling a weakening uptrend.Bull flag formation suggests potential gains, but ETH must break the $3,997 resistance to confirm; failure could see a drop to $3,262.Ethereum  spot exchange-traded funds  have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin’s price to break through the $3,400 resistance level.As ETH’s price faces bearish pressure, it may begin to shed more of its gains in the coming weeks. This analysis explains why.According to data from SosoValue, Ethereum ETF outflows this week have totaled $163 million. This represents the third-highest weekly net outflows since these funds became tradeable on July 23","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FDN":"First Trust Dow Jones Internet I","BK4588":"碎股","CETH":"21Shares Core Ethereum ETF","BK4585":"ETF&股票定投概念","BK4601":"加密货币现货ETF","FETH":"Fidelity Ethereum Fund","EZET":"Franklin Ethereum Etf","QETH":"Invesco Galaxy Ethereum ETF","ETHV":"Vaneck Ethereum ETF","BK4550":"红杉资本持仓","ETH":"Grayscale Ethereum Mini Trust"},"translate_title":"以太币3,400美元上限引发1.63亿美元ETF流出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CETH":1,"ETH":1,"ETHV":1,"EZET":1,"FDN":1,"FETH":1,"QETH":1},"content_text":"ETH ETFs have seen $163M outflows this week, the third-largest weekly decline since July, as bullish sentiment wanes near $3,400 resistance. \nProfit-taking and bearish signals emerge, with the ETH/BTC ratio hitting a multi-year low and Aroon Up Line signaling a weakening uptrend. \nBull flag formation suggests potential gains, but ETH must break the $3,997 resistance to confirm; failure could see a drop to $3,262.\n\nEthereum (ETH) spot exchange-traded funds (ETFs) have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin’s price to break through the $3,400 resistance level.\nAs ETH’s price faces bearish pressure, it may begin to shed more of its gains in the coming weeks. This analysis explains why.\nEthereum Buying Pressure Faces Dip\nAccording to data from SosoValue, Ethereum ETF outflows this week have totaled $163 million. This represents the third-highest weekly net outflows since these funds became tradeable on July 23.  \nNotably, this trend of Ethereum ETF outflows follows a remarkable surge in inflows, which hit a record-breaking $515.17 million in weekly inflows — the highest since their launch. This spike in inflows was fueled by Donald Trump’s victory in the November 5 US election, which triggered a parabolic rally in the crypto market.\nTotal Ethereum Spot ETF Net Inflow. Source: SoSoValue\nHowever, ETH’s price has begun to struggle as bearish sentiment against it gains momentum. BeInCrypto reported earlier that the ETH/BTC ratio, which measures Ethereum’s price performance against Bitcoin, has fallen to its lowest point since March 2021. This comes as profit-taking activity intensifies among the altcoin holders, paving the way for the bears to regain market control.\nMoreover, Ethereum’s falling Aroon Up Line confirms the weakening bullish presence in the market. At press time, the coin’s Aroon Up Line is downward at 28.57%. \nThe Aroon indicator identifies trends and their strength. It consists of two lines: Aroon Up and Aroon Down. Aroon Up measures the time since a new 25-period high, while Aroon Down measures the time since a new 25-period low. \nEthereum Aroon Up Line. Source: TradingView\nWhen the Aroon Up Line falls, it signals a weakening uptrend or the potential for a trend reversal. This occurs when the price is taking longer to reach new highs, indicating a loss of momentum. A falling Aroon Up line is interpreted as a bearish signal, suggesting that the bullish momentum is fading and a potential downtrend may be underway. \nETH Price Prediction: Is a Bull Flag Forming?\nInterestingly, an assessment of the ETH/USD one-day chart has revealed that a bull flag may be underway. This pattern often precedes a continuation of an uptrend.\nA bull flag consists of a rapid price increase (the flagpole) followed by a period of consolidation (the flag). Once the price breaks above the flag’s resistance level, it signals a potential resumption of the uptrend. \nEthereum Price Analysis. Source: TradingView\nETH’s successful break above the upper line of the horizontal channel at $3,997 will confirm the uptrend; if this happens, the coin’s price may rally toward $3,534. However, if buying pressure declines further, ETH’s price may plummet to $3,262, invalidating the bullish outlook above. \n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nBitpanda\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nBitpanda\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485591702"}