Ethereum price prediction: ETH faces uncertainty as ETF outflows mount to $645M
Ethereum price trapped in consolidation as ETF outflows continue.
Ethereum price has spent the past six trading days locked in a tight range between $1,820 and $1,960, struggling to gain momentum.
As the price consolidates, market participants are weighing the impact of continued Ethereum ETF outflows and a key support level near $1,886, which has drawn significant accumulation from investors. The outcome of this consolidation phase could determine Ethereum’s next major move.
Ethereum Spot ETFs have now recorded net outflows for three consecutive weeks, with $189.9 million withdrawn last week alone. This brings total outflows to $645.08 million within this period, signaling weak institutional interest. These withdrawals coincide with Ethereum’s inability to break above $2,000, reinforcing the ongoing struggle for bullish momentum.
Ethereum's RSI and EMA indicators point to bearish sentiment
Ethereum’s RSI on both the 4-hour and daily charts remains in bearish territory, suggesting the potential for further downside. Additionally, the 50 and 100 EMA on the 4-hour chart have formed a resistance cloud around the $2,000 psychological level. This makes it a critical hurdle for any sustained upside movement.
ETH/USD price dynamics (March 2025). Source: TradingView.
On the support side, Glassnode data reveals that investor supply at $1,886 has increased from 1.6 million ETH to 1.9 million ETH. This suggests that a significant portion of investors view this level as crucial and have been accumulating additional ETH, creating a strong potential support zone.
If Ethereum’s consolidation is driven by the accumulation of long positions, a breakout above $2,000 could shift the broader outlook to bullish. Overcoming this key resistance level could trigger fresh buying momentum, potentially leading to a more sustained rally.
Ethereum remains in a tight range, with ETF outflows exerting pressure while investor accumulation at $1,886 offers potential support. If price remains below $2,000, further downside remains a possibility. However, a break above this level could mark the beginning of a bullish phase, making the next move crucial for Ethereum’s trajectory.
Ethereum’s decline to a one-year low did not trigger mass liquidations due to reduced high-risk loans. The price remained range-bound between $1,830 and $1,960.
