Ethereum (ETH) ETFs have experienced a week of consistent outflows, with a total of $796 million pulled out as the price of Ether dropped by 10%. This outflow trend reflects a shift in institutional sentiment and has contributed to downward pressure on the cryptocurrency's price.

Recent Outflows and Price Decline

On September 25, Ethereum ETFs faced a significant decline, with net outflows reaching $251.20 million. This marked the fourth consecutive day of losses for these funds. The outflows coincided with a drop in ETH's price, which fell to $3,939, representing a 13% decrease over the past week. On September 26, the total net outflow of Ethereum spot ETFs was $248 million.

Individual ETF Performance

Fidelity's FETH fund experienced the largest single-day withdrawal, with $158 million exiting the market. Grayscale's ETHE saw $30 million in outflows, while Bitwise ETHW followed with $27 million. VanEck's ETHV posted the smallest loss at $1.4 million. BlackRock's ETHA also experienced a significant single-day net outflow of $200 million. Despite the outflows, ETHE experienced a single-day net inflow of $17.91 million, while 21Shares Ethereum ETF TETH, had a single-day net inflow of $8.05 million.

Weekly Outflows and Total Net Assets

The four-day losing streak ending September 25 resulted in $547.26 million in weekly outflows for Ethereum ETF products. This selling pressure intensified after brief positive sessions on September 18 and 19, which saw inflows of $213.07 million and $47.75 million, respectively. Total net assets for Ethereum ETFs have decreased to $25.59 billion, representing 5.46% of Ethereum's total market capitalization. As of September 27, the total net asset value of Ethereum spot ETFs was $26.01 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaching 5.37%, and the historical cumulative net inflow reaching $13.12 billion.

Market Analysis and Potential Support Levels

Market analysts suggest that Ethereum may face further downward pressure if it cannot stabilize above the $3,900 mark. The next key support level for ETH is around $3,750–$3,800, while potential upside moves may encounter resistance near $4,100. To reverse the downtrend, analysts have identified $4,841 as a crucial breakout level.

Factors Contributing to the Decline

Several factors have contributed to the decline in Ethereum ETF flows and ETH's price. BlackRock, the world's largest asset manager, sold Ethereum for the second time in a week. Ethereum ETFs recorded significant capital outflows between September 24 and 25, totaling more than $315 million. This reverses the bullish momentum that followed the Federal Reserve's recent 25 bps rate cut.

Overall Market Sentiment

The outflows from Ethereum ETFs and the price drop reflect a tense market environment and a shift in short-term sentiment. However, on-chain flows suggest that long-term buyers are quietly accumulating supply. Despite the current bearish trend, technical indicators show a potential rebound if buying activity returns.