Ethereum ETFs See Renewed Outflows as ETH Struggles to Hold $4,000

Ethereum ETFs are seeing outflows again after a brief period of gains. Investors pulled $81.44 million on October 29, indicating caution in the market. This follows two days of inflows totaling $379.93 million, implying that short-term positive sentiment has diminished.

ETF Movements Across Issuers

Outflows differed across issuers, showing that investors are being more selective. Fidelity’s FETH saw the largest exit, with $69.49 million withdrawn on October 29. Grayscale’s ETH and ETHE followed with outflows of $16.18 million and $12.83 million. VanEck’s ETHV lost $4.31 million, while BlackRock’s ETHA was the only fund to see an inflow of $21.36 million.

Four other ETFs, Bitwise ETHW, Franklin EZET, 21Shares TETH, and Invesco QETH, showed no changes. This may mean some investors are waiting before making new moves. Overall, the mixed results suggest profit-taking, with investors reducing exposure while watching if ETH can hold key levels.

Bitcoin ETFs also faced pressure, with net outflows of around $470.7 million. This ended a four-day streak of inflows and shows caution across crypto funds. Such trends often come before periods of consolidation, especially when key assets like ETH are struggling to hold support.

Ethereum Current Price Movements

Ethereum’s price is following recent ETF trends, staying just under $4,000. It is now $3,929, down 1.8%, after dropping from $4,250. Daily charts show lower highs, which suggest selling pressure is slowly increasing.

Technical indicators point in the same direction. The RSI is at 44.45, just below its signal line of 44.56, suggesting a neutral to slightly negative trend. The MACD line is under its signal line, showing weak momentum. ETH must rise above $4,000 and stay there to regain strength, with potential upside toward $4,150–$4,200.

If it cannot hold $4,000, a pullback to $3,850 or $3,750 is possible, levels that have historically seen stronger buying interest. Overall, the market is waiting for a clearer direction.

Investor Behavior and Strategic Implications

Institutional involvement continues to shape the flow of Ethereum ETFs. The recent withdrawals may be linked to profit-taking, yet the long-term trend suggests calculated positioning rather than panic. Many major funds and spot ETFs maintain holdings of millions of ETH, some of which are utilized for staking or additional yield opportunities.

BlackRock’s inflow into ETHA shows selective confidence from some institutional investors. At the same time, funds with no activity suggest a cautious wait-and-see approach. This shows that sentiment is mixed, with different players reacting in different ways.

Retail investors may also feel cautious. With ETH near $4,000, smaller holders might wait for clearer price moves before buying.

What Comes Next for Ethereum?

Ethereum ETFs clearly face some issues amid ETH’s attempts to stay above $4,000. Withdrawals indicate uncertainty, yet some inflows reveal pockets of investor confidence.

Ethereum’s near-term direction seems influenced by important price thresholds and general market sentiment. Holding $4,000 may attract further inflows, while a break beneath it could result in continued consolidation or larger outflows.