ETH’s Price Crash? 📉 Oh, the Humanity!

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So, the esteemed Ethereum… is having a bit of a sit-down. A prolonged contemplation, you might say, well below the glorious $3,000 mark. Seems those fancy exchange-traded funds aren’t exactly overflowing with enthusiasm. A risk-off market? Bah! More like a market lacking in imagination. 😒

  • Ethereum, adrift at sea, far from the $3,000 promised land. Volume’s whimpering and traders are… disappearing?
  • Those shiny new ETH ETFs? They’re leaking money faster than a sieve! BlackRock’s ETHA is leading the charge in the exodus. 🏃💨
  • The technical charts scream “doom and gloom.” Unless something… remarkable… happens, prepare for a continued slide.

As of this very moment, the digital darling clocks in at a paltry $2,919, a 0.5% dip in the last 24 hours. Once a titan, boasting a peak of $4,946 in the distant August past, now it’s lost a substantial 41% of its former glory. The fall of empires, I tell you! 🏛️

And the trading? A ghostly whisper of its former self. A measly $22.3 billion in daily volume- a 27% plunge. It appears those with money to invest have developed a sudden aversion to purchasing power. Who can blame them? 🤔

The derivatives market doesn’t offer much solace either. Volumes have shriveled by 31% to $58 billion, while “open interest” (a term that sounds suspiciously like a confession) has declined by 2.2% to $36.87 billion. People are closing tabs, covering their tracks. A prudent move, one might say… if you’re anticipating a further tumble.

ETH ETF outflows extend to fourth straight day

The pressure continues, you see. Those bleeding ETH ETFs are still hemorrhaging funds. A grand total of $224.26 million vanished on December 16th, marking the fourth day of this financial disappearing act. The drama! 🎭

BlackRock’s ETHA, that beacon of financial stability, led the charge with $221 million exiting its hallowed halls. Fidelity’s FETH wasn’t far behind, losing $2.94 million. A weekly withdrawal tally of $449 million? Such magnitude!

And because misery loves company, $277 million was also yanked from Bitcoin ETFs on the same day. A combined outflow exceeding $500 million… a spectacle indeed. It’s as if someone whispered “sell!” to the institutions. 🤫

The overall mood remains grim, steeped in macro uncertainty and a general feeling of… malaise. The big players are tightening their belts, becoming more cautious with their coin. A momentary pause, perhaps? Or the beginning of a long winter? Only time – and the market – will tell.

The fourth quarter of 2025 wasn’t kind to Ethereum ETFs, as they experienced net outflows of roughly $1.8 billion. All that initial enthusiasm has evaporated like morning mist.

Ethereum price technical analysis

Ethereum is caught in the relentless grip of a medium-term downtrend. Lower highs, lower lows… a heartbreaking tale of descent. Every attempt at a recovery is brutally rebuffed by the invisible hand of the market.

The daily chart reveals ETH clinging to the lower Bollinger Band. A bad omen, that is! Such adherence suggests the downward spiral is likely to persist. The 20-day simple moving average, that supposed line of support, has become an insurmountable wall. 🧱

The Bollinger Bands are flexing their volatility muscles. A sudden surge upwards? Unlikely without a miracle. Or, you know, a truly revolutionary innovation.

The signs overwhelmingly point to continued selling. The 14-day RSI wallows near 41, far below the comforting neutrality of 50. No bullish signals, no divergences… just a stark reminder that the bears are still in charge.

The MACD, momentum indicators, moving averages… they all sing the same mournful song: bearish, bearish, bearish! It’s a chorus of despair!

For a glimmer of hope, Ethereum must reclaim the $3,060-$3,100 range and hold it. But if $2,900 gives way… brace yourselves. $2,800 awaits – a rather unpleasant rendezvous. 🥴

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2025-12-17 10:20