Spot ETFs backed by ether recorded $542.1 million in net outflows last week. This is their worst weekly performance since January.
Ether drew the largest token inflow at $48.73 million and also led token outflows at $8.32 million over five hours. USD cash-outs reached $13.37 million.
Binance spot buy orders totaled $8.2185 million against $6.0449 million in sell orders, with Ether priced at $2,510.44.
ETH options open interest fell 3.48% to $5.82 billion, with calls holding 60.47% of OI. The $2,250 put expiring Oct. 11 on Bybit led 24-hour volume.
The significant outflows from Ethereum ETFs may signal waning investor confidence and broader bearish sentiment in the crypto market. Ethereum ETFs see largest weekly net outflow since January.
The transfer followed the sale of 8,000 ETH at an average price of $2,601, while the founder still held about 51,468 ETH valued at $129 million.
Historical patterns indicate that after such peaks, some market liquidity typically shifts back toward Bitcoin and stablecoins.
Ether trades at $2,507 on Saturday afternoon while something shifts in the queues of the staking system: the lead of the entry queue over the exit queue has shrunk by 252,402 ETH since October 4. What the 24 days of waiting in both directions mean for your stake, and why a full queue still does not support the price.
A daily close below $2,400 would weaken Ether's recovery structure and put the $2,000-$2,200 region in focus.
Ethereum is trading near $2.5K after a sharp correction from the $2.7K resistance area, with the latest price action putting a key support zone under pressure.
Spot Solana ETFs also posted $25 million in outflows, ending a 14-week inflow streak as crypto-fund flows turned lower.
U.S. spot Ethereum ETFs recorded $542.1 million in net outflows last week, while Solana ETFs ended a 14-week inflow streak.