Ethereum: BlackRock exits ETF positions as price pushes down

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Ethereum slides 1.04% today to $1,983.96

Highlights

U.S. spot Ethereum ETFs recorded $42.5 million in net outflows on February 18, 2025, led by BlackRock, reflecting heightened regulatory and institutional caution.
Persistent ETF outflows are reducing Ethereum's liquidity and leaving it vulnerable to further negative regulatory developments impacting U.S. institutional adoption.
Ethereum trades at $1,983.96, below all major moving averages and is likely to remain under bearish pressure with a projected near-term range of $1,780–$2,150.

ETF outflows accelerate as regulatory risks sap institutional appetite

On February 18, 2025, U.S. spot Ethereum exchange-traded funds saw $42.5 million in net outflows driven by BlackRock, signaling increased regulatory and institutional risk aversion toward Ethereum-based investment products. This ongoing outflow from U.S.-regulated ETFs has removed a key source of liquidity, leaving Ethereum increasingly exposed to potential negative shifts in regulatory sentiment. Regulatory developments in the U.S. continue to play a crucial role in shaping Ethereum's institutional adoption and overall market accessibility.

Bearish momentum confirmed by downside signals and resistance overhead

The technical backdrop remains bearish. Ethereum faces its nearest dynamic resistance at the Ichimoku Kijun level of $2,396.79, with no major support above the current price. Momentum indicators are negative, as the daily MACD signals a strong sell and the ADX at 44.13 confirms a robust downside trend. Other tools — RSI at 33.19, Stochastic RSI in overbought territory (81.50), and CCI at –65.40 — show weak but not oversold conditions, while Bull/Bear Power at –31.37 indicates sellers are dominating intraday momentum. Price action is ending near the high of today's range after opening lower, with moderate volatility and no clear reversal. Despite Awesome Oscillator showing neutrality, most momentum signals reinforce the persistently bearish tone.

Downside risk persists amid high volatility and weak reversal odds

Over the next five trading days, ETH is expected to trade in a volatility band between $1,780 and $2,150, with price action likely to remain centered near current levels. The probability of a further decline is high, while an upside reversal is less likely. If bulls break above $2,150, resistance above $2,200 becomes the next hurdle; if bears push below $1,780, support at $1,700 may be tested. Technicals on both daily and weekly timeframes point to continued downside pressure in the short term.

Anton Kharitonov, expert at Traders Union, sees ETH under sustained technical and fundamental pressure. He notes outflows from U.S. spot ETFs reflect institutional caution as regulatory headwinds mount. Downside momentum is strong, with few technical supports nearby and sentiment remaining weak. "Unless ETH can reclaim $2,150, the bearish setup dominates and downside targets remain in play."

Previously it was reported that Ethereum remains under significant pressure, trading below key moving averages and encountering sustained resistance at the Ichimoku Kijun amid persistent net outflows from spot ETFs and confirmation of a bearish death cross on the weekly chart. Momentum indicators are predominantly negative, with limited probability of near-term upside as bearish signals and elevated volatility suggest continued consolidation or downside risk unless ETH can decisively reclaim major resistance levels.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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