Since December, Ethereum’s price has been under continuous pressure, with a total decline of nearly 14%, and market sentiment has noticeably weakened. As of now, ETH has fallen from the monthly high of approximately $3,432 to below $3,000, retreating nearly 40% from its all-time high of $4,946. While prices weaken, there has been a large-scale outflow of funds from Ethereum spot ETFs, becoming a significant factor suppressing the market.
Data shows that in December, nine Ethereum spot ETFs in the US experienced a net outflow of about $545 million, continuing the outflow trend of $1.42 billion in November. Institutional fund withdrawals have weakened market confidence and further impacted retail investor sentiment. In the derivatives market, Ethereum futures open interest remains between $35 billion and $40 billion, significantly below the year’s high, reflecting a decline in speculative participation.
The macro environment is also unfavorable. The Federal Reserve’s hawkish stance has increased risk aversion, leading to capital outflows from high-risk assets. The cryptocurrency fear and greed index has remained around 20 for a long time, indicating extreme panic in the market, making it difficult to form an effective short-term rebound.
From a technical perspective, the Ethereum daily chart is forming a typical bearish descending triangle, which is often seen as a continuation signal for a downtrend. Meanwhile, the 50-day moving average has crossed below the 200-day moving average, forming a “death cross,” further reinforcing the bearish trend. The price is trading below major moving averages, indicating that buying momentum remains insufficient.
If this pattern is confirmed, Ethereum’s price may test the support at around $2,622; conversely, if ETH effectively breaks through the key resistance at $3,100, the bearish structure will be broken, and a short-term rebound could be possible. Currently, ETF fund flows and technical patterns remain the core variables in judging Ethereum’s future movement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
OpenSea CMO Adam Hollander Buys uPEG, Ethereum Token Surges Over 300%
Gate News message, April 25 — OpenSea CMO Adam Hollander purchased a small amount of uPEG, an Ethereum-based token, this evening, stating he was "simply interested in the concept and wanted to experiment." The purchase triggered a sharp rally, with uPEG surging over 300% in a short
GateNews1h ago
Ethereum Foundation Sells 10,000 ETH to Bitmine for Nearly $24 Million
Gate News message, April 25 — The Ethereum Foundation sold 10,000 ether to Bitmine Immersion Technologies on Friday, finalizing an over-the-counter deal at an average price of $2,387 per ETH, totaling approximately $23.87 million. The sale will fund the EF's core operations and activities, including
GateNews1h ago
GSR Debuts BESO ETF With Bitcoin, Ethereum, Solana
GSR debuts BESO ETF with active strategy, adjusting Bitcoin, Ether, and Solana allocations weekly to outperform benchmarks.
ETF records nearly $5M in first-day volume, signaling early investor interest in diversified crypto investment products.
Launch aligns with growing ETF momentum as
CryptoFrontNews1h ago
Fluent Ethereum Layer 2 Mainnet Launches with BLEND Token and $50M Day-One Liquidity
Gate News message, April 25 — Fluent, an Ethereum-based Layer 2 network, activated its mainnet and launched its native BLEND token on Friday, April 25, bringing online a "blended execution" environment that enables applications written for different virtual machines to operate within the same
GateNews3h ago
ETH Liquidation Cascade: $761M in Short Positions at Risk Above $2,424
Gate News message, April 25 — According to Coinglass data, if Ethereum (ETH) breaks above $2,424, cumulative short position liquidations across major CEXs could reach $761 million.
Conversely, if ETH falls below $2,211, cumulative long position liquidations across major CEXs could reach $689 millio
GateNews4h ago
Grayscale Stakes 102,400 ETH Worth $237 Million
Gate News message, April 25 — Grayscale has staked 102,400 ETH, valued at approximately $237 million, according to a post by Trader That Martini Guy on April 25. The move represents one of the largest institutional Ethereum staking actions in recent times.
Ethereum staking reduces the circulating s
GateNews6h ago
