Ethereum Price to Give Breakdown Another Go as ETH ETF Outflows Near $300 Million

Three Things to Know Spot Ether funds bled nearly $300 million in two sessions, led by BlackRock's fund. ETH now trades just under its 200-day average, a line that may cap any bounce. Traders are watching one floor well below the current price to see if the breakdown sticks. Investors kept pulling money from US spot Ether funds this week. A large BlackRock transfer to Coinbase Prime added to the unease, though on-chain data does not confirm a sale. The outflows matter because fund demand helped carry ETH higher last year. Now that support is fading as price slips under a key long-term average. Traders now want to see whether buyers can reclaim lost ground before sellers test the next floor.

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