US-listed Ethereum exchange-traded funds experienced substantial net outflows totaling $320.1 million during the week of October 12–16, 2026, based on flows tracked by analytics firm SoSoValue.
Majority of withdrawals from BlackRock’s ETF
BlackRock’s iShares Ethereum Trust, which provides institutional and retail investors with regulated exposure to Ethereum, accounted for $299 million of the weekly redemptions. This figure represented roughly 93% of the total outflows across all US Ethereum ETFs for the period.
The latest ETF redemptions suggested weaker investor appetite for these listed vehicles, putting additional pressure on market sentiment around Ethereum this week. However, traders and analysts noted that ETF flows on their own do not provide a full picture of broad market liquidity or the overall health of the Ethereum spot market.
While US Ethereum ETFs posted $320.1 million in net outflows, BlackRock’s iShares Ethereum Trust alone saw $299 million in redemptions, underscoring a significant pullback in ETF demand.
Despite bearish signals from ETF flows, Ethereum’s technical landscape continued to give traders reasons for caution rather than outright pessimism. Across various timeframes, buyers managed to defend critical support levels, providing a temporary buffer against further price declines.
Ethereum price holds above support, technical signals mixed
On the hourly and daily charts, Ethereum traded above its 20-period and 50-period moving averages, signaling short-term resilience. The cryptocurrency also stayed above its 200-period daily moving average, regarded by many traders as a marker of longer-term trend support.
Conversely, Ethereum remained below its 20-day and 50-day moving averages on the daily timeframe, showing that larger trends had not fully shifted back to bullish. The area between $2,380 and $2,383 has emerged as a key support reference, while immediate resistance stands near $2,479.
Momentum indicators painted a nuanced picture. The Moving Average Convergence Divergence (MACD) supported positive hourly momentum, and Bull/Bear Power readings pointed to ongoing buying activity. However, the Average Directional Index (ADX) stood near 25, indicating only moderate trend strength.
On the one-hour chart, the Relative Strength Index (RSI) climbed to 62.62, reflecting positive momentum. This remains below the typical overbought threshold of 70. Meanwhile, the Stochastic RSI produced overbought signals, and the Commodity Channel Index (CCI) stayed positive but within normal range.
These signals suggest buyers are regaining control across shorter timeframes, but have not yet established a convincing uptrend over longer intervals. Resistance around $2,479 continues to cap stronger breakouts.
Mini dictionary: iShares Ethereum Trust is a US-listed exchange-traded fund offered by BlackRock, designed to give investors regulated exposure to the performance of Ethereum without direct token ownership.
Critical range persists as buyers eye breakout
The ETH/USD daily chart highlighted a possible consolidation zone between $2,380 and $2,479 in the near term. Analysts indicated that a decisive break above $2,479 could trigger renewed bullish momentum, while a close below $2,383 would likely weaken the short-term outlook.
Shorter-term charts, such as the one-hour and four-hour timeframes, continued to show a bullish structure, with buyers aiming to clear resistance overhead. Yet, if the daily candle fails to close above $2,400, the risk of a short-term pullback to recent lows persists.
Currently, the market is balancing persistent net outflows from Ethereum ETFs and ongoing support from technical indicators. Holding the crucial $2,380–$2,383 support zone would maintain a constructive tone for buyers, while any decisive break lower could amplify downside pressure, especially if leveraged positions add to volatility.
| ETF/Product | Net Outflow (Oct 12–16) | Share of Total |
|---|---|---|
| iShares Ethereum Trust (BlackRock) | $299 million | 93% |
| Other US-listed ETH ETFs | $21.1 million | 7% |
| Total US ETH ETF Outflow | $320.1 million | 100% |
For now, Ethereum’s near-term position remains uncertain as the market weighs continued ETF withdrawals against resilient technical support levels.
