NewsBTC
Nov 10, 2025
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Ethereum ETF Outflows Hit $508 Million Amid Strong Price Support

Ethereum Market Overview

  • Ethereum shows resilience amid market fluctuations, with a potential price move toward $4,400.
  • Despite recent price recovery, Ethereum spot ETFs recorded a net outflow of approximately $508 million over the week.
  • This represents one of the largest weekly withdrawals in their history, hinting at strategic recalibrations rather than full withdrawals of institutional capital.

Ethereum ETH ETHUSD

Technical Analysis

  • Ethereum rebounded above $3,400 after a sharp 12% weekly drop.
  • Resistance identified near $3,720, with breakout targets at $4,400 and $4,955.
  • Key technical indicators:
    • Support held at $3,200–$3,350 liquidity zone.
    • Break of bearish trend line near $3,350 and clearing of 50% Fibonacci retracement.
    • Momentum indicators like MACD and RSI suggest potential bullish trends if resistance levels are cleared.

Network Fundamentals and Catalysts

  • Total value locked (TVL) in the network decreased by 24% to around $74.2 billion in the past 30 days.
  • Ethereum's revenue from applications hit record levels due to stable-coin activity and increased usage.
  • The "Fusaka" upgrade, scheduled for early December, aims to enhance scalability and security, potentially boosting long-term value.

Overall, while short-term challenges such as ETF outflows persist, the combination of strong technical setups, institutional interest, and upcoming network upgrades support higher price targets.