Ethereum News: Consecutive Outflows from U.S. ETH Spot ETFs Highlight Market Uncertainty

Recent developments in the world of Ethereum (ETH) investments have raised concerns among market participants, with U.S. ETH spot ETFs experiencing consecutive outflows. This trend, coupled with declining CME ETH yields, suggests a shift in investor sentiment and potential market uncertainty.

U.S ETH spot ETFs Experience Consecutive Outflows

U.S. Ethereum [ETH] ETFs have seen consecutive outflows, with a $35.89M daily outflow on March 6, following an $10M outflow the previous day. This brings the total outflows in the past two days to $100M. Overall, ETH ETF investors have withdrawn over $400M from the product in the last two weeks, a sharp contrast to the stable inflows seen in early February. The declining CME ETH yield could be behind the continued outflows, as the high yield from CME ETH basis trade had previously attracted investors. Source: Soso Value

Ethereum Buyers Return to Buy the Dip; Potential Rally to $3,260?

Ethereum registered losses of 2.70% over the last 24 hours. As investors turn to buy the dip, Ethereum must reclaim $2,350 for a potential rally. Over the last two weeks, Ethereum [ETH] has seen extreme volatility, climbing to a local high of $2.7k and dropping below $2,000 for the first time since November 2023. Crypto analyst Ali Martinez hints at a potential rally to $3,260, citing pricing bands and the MVRV.

Ethereum Eyes Key Support At $2,350 — Price Surge To Follow?

Ethereum (ETH) experienced a volatile trading week with significant price gains and losses. Prominent market analyst Ali Martinez highlighted a critical market condition that could lead to a surge. The MVRV extreme deviation pricing bands by Glassnode suggest Ethereum’s next move could be a price rally to $3,260. As the second largest cryptocurrency, Ethereum’s price action remains crucial, especially with doubts over an altseason.

330,000 Ethereum Withdrawn From Exchanges In 72 Hours

Ethereum has faced massive selling pressure and volatility over the past month, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground. Analysts expect even more volatility following US President Trump’s executive order on Thursday, which established a Strategic Bitcoin Reserve. Despite the ongoing decline, on-chain data from Santiment reveals a bullish signal—330,000 Ethereum have been withdrawn from exchanges in the past 72 hours, indicating investors moving ETH into private wallets.