Ethereum price prediction: Will ETF outflows trigger deeper losses? ETH down 1.91%

Traders Union
All News
Crypto
Ethereum slides 1.91% today to $2,111

Highlights

Ethereum-focused ETFs saw $131.2 million in outflows, led by BlackRock's $102 million sell-off, indicating heavy institutional selling pressure.
Despite outflows, active Ethereum wallet addresses more than doubled in four days, with evidence of significant whale accumulation at present price levels.
Technical signals are mixed with short- and medium-term support, but ETH remains under prevailing bearish trend, likely staying within a $2,010–$2,130 trading range next week.

ETF outflows and whale accumulation drive heightened activity amid pressure

Significant ETF outflows shaped the Ethereum market environment on March 21, with approximately $131.2 million withdrawn from ETH-focused exchange traded funds and BlackRock accounting for over $102 million in selling. BlackRock’s iShares Staked Ethereum Trust (ETHB), launched on March 12, has quickly accumulated around $254 million in assets under management, including $146 million in net inflows and a $100 million seed investment. Increased address activity was also observed, as the number of active Ethereum wallets rose sharply from 381,202 to 841,404 over a four-day period, accompanied by reports of whale accumulation at current levels, though price action has remained under broader selling pressure.

Bullish bias weakens as momentum indicators reflect mixed signals

Momentum signals remain mixed for ETH. The MACD and ADX on the daily chart point to a mild bullish bias, but daily oscillators are less decisive, with an RSI of 51.78 suggesting a slight buy signal, while Stoch RSI and CCI stay neutral. The Bull/Bear Power (BBP) indicator is classified as overbought, indicating recent buyer dominance but also the possibility of exhaustion. Price currently sits toward the upper end of the daily range ($2,056.50 — $2,126.58) and is showing only modest confirmation from momentum, with no strong signal from the Awesome Oscillator.

Sideways price outlook as persistent sell signals cap breakout risk

For the coming week, ETH is expected to fluctuate within a typical volatility band of $2,010 to $2,130. The baseline scenario sees ETH moving sideways, bounded by immediate support at $2,093 and resistance near $2,130. Should a bullish breakout above $2,130 occur, prices could move toward $2,150, but this has a low probability given persistent daily and weekly sell signals. A bearish move below $2,010 risks further declines toward the $2,000 area, consistent with prevailing momentum.

Viktoras Karapetjanc, expert at Traders Union, sees fundamental signals pointing to resilient underlying demand for Ethereum, despite persistent selling pressure and ETF outflows. He notes strong institutional involvement, with BlackRock's rapid asset accumulation and increased address activity, which supports a constructive view. Tactical momentum remains mixed, favoring range-bound movement as long as support near $2,093 holds. In Karapetjanc’s words: “Structural fundamentals and growing market participation suggest Ethereum can withstand short-term volatility, with upside potential if bullish momentum returns above $2,130.”

In a recent review, analysts concluded that Ethereum's technical setup reflected ongoing support amid persistent long-term bearish pressures. With fresh evidence of intensified ETF outflows and rising on-chain activity, traders should closely monitor the $2,130 resistance and $2,010 support as potential triggers for Ethereum's next significant move.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.