Bitcoin

Ethereum

The second-largest cryptocurrency, Ethereum (ETH), is facing renewed pressure, having slipped under the key $3,500 support level in recent sessions. According to recent data, U.S.-listed spot Ethereum ETFs registered net outflows of around US$136 million, compounding existing technical and macro risks.
What’s driving the decline? Firstly, institutional appetite appears to be waning. The outflows from ETH-focused ETFs reflect a shift in sentiment away from active accumulation. Secondly, the broader crypto market is entering a risk-off mode: weak macro data, uncertainty around monetary policy, and falling derivative open interest are eroding bullish conviction. Technically, ETH’s slide under $3,500 opens the door for further downside. Most analysts point to the $3,300 zone as the next meaningful support, with some cautioning a drop toward $3,000 if that fails.
Forecast &amp; key levels to watch In the near term, ETH may consolidate between approximately $3,650-$3,850 if a bounce occurs. But failure to regain traction could shift attention back to the $3,300 region, and potentially the $3,000 mark if selling pressure persists. For a recovery scenario, a sustained return above $4,000-$4,200 would be required to reset the bullish narrative. Until then, risk-weighted positioning may be prudent.
Why the long term still matters Despite the near-term turbulence, Ethereum’s fundamentals remain relevant: the network continues to see high levels of developer activity, increasing staking participation, and robust growth in Layer-2 ecosystems. Ultimately, if macro conditions improve—such as a more dovish posture from the Federal Reserve or renewed institutional flows—the pathway to a rebound (potentially in the $4,500-$5,500 range) remains open.
Conclusion Ethereum’s break below $3,500 amid $136 million in ETF outflows underscores the current fragility of the market. While the long-term thesis remains intact, the near term calls for caution. Monitoring ETF flows, macro headlines, and whether ETH can reclaim critical levels will be key to navigating this phase.

Ethereum Retreats Under $3,500 — ETF Outflows Signal Investor Caution

The Bitcoin Daily

Other articles published on Nov 4, 2025

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