Ethereum ETF Faces Major Outflows as Price Tests Critical Support
Ethereum's market position is under significant pressure as a major institutional investment vehicle experiences severe capital flight and the cryptocurrency's price breaches a key psychological level. The 21Shares Ethereum ETF (TETH) recorded a massive single-day outflow of $10.56 million on January 22, 2026, which equates to a staggering 39.3% of its total assets under management. This event represents one of the most substantial relative withdrawals from a cryptocurrency fund in recent history, signaling a potential shift in institutional sentiment or risk management strategies amid broader market turbulence. Concurrently, Ethereum's price action has turned decidedly bearish, with the digital asset failing to hold the crucial $3,000 support level. As of the latest data, ETH is trading near $2,956, reflecting a steep 24.6% decline over the current quarter. The breach of the $3,000 mark has now brought the next significant technical support zone around $2,700 into focus, a level that market participants are closely monitoring for signs of either stabilization or further breakdown. The correlation between the ETF outflows and the spot price weakness suggests a reinforcing cycle of negative sentiment, where price declines trigger redemptions, which in turn may exert additional selling pressure on the underlying asset. This development occurs within a complex macroeconomic and regulatory landscape for digital assets, where factors such as interest rate expectations, network upgrade timelines (like future Ethereum protocol improvements), and evolving institutional adoption narratives all play a role. While short-term technicals appear challenged, the long-term thesis for Ethereum—centered on its role as a foundational layer for decentralized finance, digital ownership, and next-generation applications—remains a topic of vigorous debate among analysts. The coming weeks will be critical in determining whether current levels represent a consolidation phase within a longer bull market or the precursor to a more profound corrective phase. Market observers are advised to watch for stabilization in ETF flows, a recovery in the $3,000 level, and broader cryptocurrency market momentum for clues on Ethereum's next directional move.
Ethereum ETF Bleeds $10.56M Amid Market Downturn as ETH Tests $2,700 Support
Ethereum's price struggles deepen as the $3,000 support level collapses, with the cryptocurrency now hovering near $2,956—a 24.6% quarterly decline. The 21Shares ethereum ETF (TETH) saw a staggering $10.56 million outflow on January 22, representing 39.3% of its total assets under management. This marks one of the most severe single-day withdrawals relative to fund size in recent history.
Technical charts reveal a breakdown from the rising channel pattern, with ETH forming lower highs and lower lows. The $2,700 demand zone now becomes critical. Meanwhile, Coinbase Premium Index data shows persistent negative readings, signaling weakening institutional appetite from U.S. investors.
The broader crypto ETF market mirrors this distress. Bitcoin spot ETFs recorded $1.3 billion in net outflows—the second-largest weekly redemption on record—while Ethereum spot ETFs bled $611 million. Solana spot ETFs emerged as the lone bright spot with $9.5 million in inflows.
Ethereum Eyes $3,200 as ETF Inflows and Layer-2 Activity Fuel Rally
Ethereum’s price trajectory dominates market discourse as ETH tests key resistance levels. The cryptocurrency reclaimed the $2,900 support zone amid broader risk-asset recovery, with analysts now eyeing $3,200 as the next technical target. Exchange outflows suggest waning sell pressure, while layer-2 adoption and fee burns create structural tailwinds.
Institutional interest resurfaces as spot ETF inflows accelerate. The market mirrors late-2020 conditions when ETH broke parabolic—this time with scaling solutions maturing and supply dynamics tightening. Meanwhile, capital rotates toward select ERC-20 tokens, signaling appetite for Ethereum-adjacent exposure beyond the blue-chip asset.
Ethereum Price Prediction: Network Growth Supports $4,800 Target
Ethereum maintains a bullish trajectory, with higher lows on the monthly chart signaling sustained demand. The network's transaction activity is accelerating, reinforcing its fundamental strength and providing a cushion during price consolidation.
Analysts point to recurring rounded accumulation patterns, historically precursors to significant upside moves. A breakout above key resistance levels could pave the way for Ethereum to test the $4,800 target.
Market participants are watching the $4,800 zone closely, as on-chain metrics and technical patterns converge to support a long-term bullish outlook for ETH.
Dormant Ethereum Whale Awakens With $145M Transfer to Gemini
A previously inactive Ethereum wallet holding 50,000 ETH ($145 million) suddenly transferred its entire balance to Gemini in two transactions. The address had been silent since 2017, when it originally withdrew the ETH from Bitfinex at roughly $90 per token.
The movement coincides with recent ETH price weakness and mirrors similar Bitcoin whale activity. Market analysts are scrutinizing whether this signals profit-taking by early investors or strategic repositioning ahead of Ethereum's ecosystem developments.
Such 'long-term whale' movements often trigger volatility. The transfer represents one of the largest dormant-position activations this year, reviving debates about supply shocks and holder behavior in proof-of-stake networks.
