Ethereum News Today: BlackRock's ETH Offload Fuels Bearish Slide Amid $2B ETF Outflows

Ethereum (ETH-USD) faces mounting pressure as the cryptocurrency market grapples with a wave of institutional selling and waning investor confidence. Recent data shows that crypto funds recorded outflows of $2 billion last week, with Ethereum-specific ETFs losing 4% of their assets under management - according to a CoinShares report. This marks the third consecutive week of outflows, exacerbating concerns about a broader bearish trend. Meanwhile, BlackRock's on-chain activity has intensified speculation, as the asset manager deposited a $175.93 million in ETH into Coinbase Prime, adding to a $467.16 million BTC deposit in a single transaction. Analysts suggest these moves signal a strategic offloading of crypto holdings rather than routine ETF rebalancing, fueling fears of further price declines.

Technical indicators paint a mixed picture for Ethereum. While the token has held above $3,000 in recent sessions, key moving averages and momentum oscillators suggest fragility. The 50-day EMA at $3,444 and the 100-day EMA at $3,800 have formed a "Death Cross" pattern, reinforcing bearish sentiment. Additionally, the RSI on the daily chart hovers near oversold territory at 35, but a sustained rebound above $3,200 is necessary to validate a potential short-term recovery. According to Cointelegraph analysis, if buyers fail to capitalize on this level, Ethereum could retest support at $2,880 or even $2,500.

The selling pressure is compounded by macroeconomic uncertainty and aggressive whale activity. CoinShares' James Butterfill attributed recent outflows to "monetary policy uncertainty and crypto-native whale sellers," noting that digital asset ETPs have lost $73 billion in AUM since October's peak. BlackRock's continued large-scale deposits into Coinbase Prime - amounting to $642 million in BTC and ETH - have further spooked retail investors, with some interpreting the moves as panic-driven liquidation. This sentiment is echoed in ETF data, where Ethereum's net assets have plummeted to $19.6 billion from $26.8 billion in early October.

Despite the gloom, some analysts see potential for stabilization. A rebound above the 20-day EMA at $3,444 could trigger a test of the $3,871 50-day SMA, potentially signaling the end of a corrective phase. However, such a scenario hinges on renewed institutional demand and a resolution of macroeconomic headwinds. For now, the path of least resistance remains downward, with open interest in XRP derivatives and Ethereum ETF outflows underscoring the fragility of risk-on sentiment.

The broader crypto market's fate may also hinge on BlackRock's next moves. The firm's absence from significant crypto purchases since mid-2025 has left a void in accumulation activity, while its recent sales amplify bearish narratives. If institutional investors regain confidence, Ethereum could find a floor near $2,800, but until then, the technical and on-chain fundamentals suggest further capitulation.

---