On October 29, Ethereum ETFs experienced net withdrawals totaling $81.44 million, ending a short-lived period of inflows and reflecting a downturn in investor confidence amid ongoing crypto market volatility, according to
Ethereum ETF flows
. This negative flow came after two consecutive days where inflows reached $379.93 million, underscoring the prevailing uncertainty in the industry. Fidelity’s FETH accounted for the largest outflow at $69.49 million, while BlackRock’s ETHA stood out as the only ETF to register a positive inflow of $21.36 million, as reported by crypto.news. The broader market saw even greater withdrawals from
Bitcoin
ETFs, which lost $470.7 million and broke a four-day streak of inflows, according to
Coinpedia coverage
.
The pullback in
Ethereum
ETFs happened as ETH struggled to surpass the $4,000 resistance mark. At $3,908, ETH was down 2.89% over the previous 24 hours, consolidating after recently dropping from $4,250, as noted by crypto.news. Technical signals pointed to continued bearish momentum, with the Relative Strength Index (RSI) at 44.45 and MACD at -68.13, indicating a neutral-to-bearish trend, according to the same report. Analysts emphasize that Ethereum must close above $4,000 to regain upward momentum; otherwise, it risks falling to $3,850 or even $3,750, as highlighted in the coverage.
These outflows were largely attributed to broader economic uncertainty, especially after Federal Reserve Chair Jerome Powell suggested that the recent 25-basis-point rate reduction could be the last for 2025, as Coinpedia highlighted. This led to a combined $550 million withdrawal from both Bitcoin and Ethereum ETFs, as investors reduced risk exposure in anticipation of possible monetary tightening, Coinpedia reported. The majority of Ethereum ETF outflows were concentrated among leading issuers, with Grayscale’s ETH and
ETHE
products seeing outflows of $16.18 million and $12.83 million, respectively, based on crypto.news data. VanEck’s ETHV had the smallest outflow at $4.31 million, according to the same source.
Despite these withdrawals, the Ethereum ecosystem remains robust. Over the past month, the supply of stablecoins on the network increased by 2.78%, and decentralized exchanges processed $148 billion in transactions, according to an
Ethereum price outlook
. These trends have contributed to network revenues reaching $1.26 million in the last 24 hours, as noted in the crypto.news outlook. Nevertheless, the Crypto Fear and Greed Index is still in the "fear" range at 34, and the Altcoin Season Index has dropped to 23, signaling subdued interest in alternatives to Bitcoin, according to the same analysis.
Technical analysis indicates that a bullish flag pattern could potentially trigger a rebound for Ethereum, a formation historically linked to price recoveries, according to crypto.news. However, reaching the $5,000 milestone will likely require stronger institutional participation or a shift in the broader economic landscape.
