Ethereum Price Prediction: ETH ETF Daily Outflow Hits New Highs, Institutional Funds Increase the Position Against the Trend, Is the Bull-Bear Turning Point Here?

The Ethereum (ETH) market has recently experienced severe fluctuations. Despite institutional giants like SharpLink Gaming making significant purchases, the ETH price has failed to hold above the $3,700 mark. The key reason behind this is the record outflow of $465 million in a single day from the US spot ETH ETF. This funding range-bound is pushing ETH towards a new turning point between bull and bear markets. This article combines on-chain data, institutional movements, and Technical Analysis to provide an in-depth analysis of ETH's next steps.

SharpLink and BitMine institutional accumulation, ETH treasury holdings reach new highs

SharpLink Gaming (SBET) announced last week that it has once again purchased 83,561 ETH, bringing its total holdings to 521,939 ETH, second only to BitMine (BMNR) with 833,100 ETH. These two publicly listed companies have joined forces to drive the total holdings of ETH management tools to over 1.9 million ETH. SharpLink has even applied to expand its market facility scale to $6 billion and has staked nearly all of its ETH assets, accumulating staking rewards of 929 ETH.

This wave of institutional buying reflects the high recognition of ETH's long-term value by capital firms, especially against the backdrop of the rapid development of DeFi, staking, and asset management tools.

ETH ETF saw a daily outflow of $465 million, market sentiment plummeted sharply

Meanwhile, the US Spot ETH ETF recorded a single-day outflow of $465 million on Monday, setting a historical high. This record outflow occurred after President Trump announced new tariffs, following 20 consecutive days of inflows into the ETF products, which accumulated approximately $5.3 billion. The sharp reversal in capital sentiment became a direct driver for the drop in ETH prices.

Ethereum Price Technical Analysis: Key Support and Resistance Levels

According to Coinglass data, the ETH futures liquidation amount in the past 24 hours reached $108 million, with bulls facing $74 million in liquidations and bears $34 million. ETH rose by 6% earlier this week but encountered resistance above $3,700 and is currently testing the $3,470 support.

Key support: $3,470 (short-term), $3,220 (50-day EMA), $2,850 (key defense line)

Upside target: If the daily closes above the descending trend line at $3,900, it is likely to test the 2024 high of $4,107.

In terms of technical indicators, the RSI is below the moving average and showing a downward trend, indicating a weakening bullish momentum. The Stochastic Oscillator has entered the oversold zone, and if it can break through, it may trigger a short-term rebound.

Demand from capital companies grows against the trend, long-term value of ETH attracts attention

SharpLink, BitMine and other fund management companies continue to increase their holdings in ETH and engage in large-scale staking, demonstrating that even with increasing outflow pressure from ETFs, institutional confidence in ETH remains strong. This pattern of "ETF fund outflows vs. institutions increasing their positions against the trend" may be laying the groundwork for the next round of market movement for ETH.

Conclusion

ETH ETF records significant outflows, with evident short-term pressure; however, institutional funds are counter-cyclical and increasing their positions, providing strong support for Ethereum's long-term value. Currently, ETH is at a turning point between bulls and bears, and investors need to closely monitor the defense and offense at the support levels of $3,470 and $3,220, as well as the flow of ETF funds and institutional movements. The bull-bear dividing line has emerged, and the next market movement of ETH is worthy of high attention.