ETH Rally Toward $3K Possibly Halted By Rising ETF Outflows
Ether (ETH) dropped to $2,800, triggering $165 million in bullish futures liquidations and marking a 13% weekly decline. This fall was accompanied by substantial outflows from US-listed Ethereum ETFs—$533 million since Thursday—indicating reduced institutional demand. Aggregate open interest in ETH futures declined from $32.4 billion to $28.1 billion, and the futures premium fell to 3%, below the neutral 5–10% range, signaling weak conviction from long positions. Ethereum network usage also waned, with DApp fee revenue dropping to $68 million from $98 million over four weeks and staked ETH decreasing slightly. Broader market risk aversion intensified as the Nasdaq fell 1.8% and Oracle shares dropped 5.5% on negative news, amplifying investor caution ahead of the US CPI report. Weaker onchain activity, lower ETF and futures demand, and general risk-off sentiment are collectively pressuring ETH’s price and undermining investor confidence.
