Ethereum price closed trading at the $2,200 mark on Friday, closing February 2025 with a 33% loss. On-chain data suggests that the Ethereum ETFs’ influence on the market downtrend could intensify as fresh altcoin ETF approvals edge closer. 📉
Ethereum (ETH) experienced intense selling pressure throughout February, reflecting broader bearish sentiment in financial markets. While major altcoins like XRP and Solana gained momentum following progress in their respective ETF filings, ETH price has struggled to retain investor interest. 🤷♂️
ETH price chart above highlights a significant downturn, with ETH losing over 22% this week alone. The price tumbled from $2,800 on Monday to close near $2,220 on Friday. Zooming out, Ethereum’s closing price of $2,220 represents a staggering 33% decline from its February 1 opening price of $3,200. 🚀➡️💥
Ethereum ETFs have seen a relentless wave of outflows, with institutional investors pulling over $300 million in the past seven trading days. The selling spree, which began last week, has now extended into this week, marking a period of sustained capital flight from ETH-based funds. 🚀➡️💸
A detailed breakdown of the outflows according to Fairdside data shows that February 26 witnessed the largest single-day withdrawal at $94.3 million. The preceding days also recorded heavy selling:
- February 24: $78 million
- February 25: $50.1 million
- February 27: $71.2 million
No ETF inflows were recorded throughout this week, making it the first week in 2025 where Ethereum ETFs saw only outflows. This trend suggests institutional investors are either reallocating capital or hedging against further downside risk in ETH. 🤔
- Bitwise’s Aptos ETF Filing: This filing intensified investor interest in newer blockchain projects.
- Polymarket Betting on Litecoin ETF Approval: Forecast markets currently price a 90% probability of an LTC ETF gaining SEC approval.
- CME Group’s Solana ETF Speculation: The derivatives giant’s move toward Solana futures suggests growing institutional interest in SOL-based ETFs.
These developments hint at a potential reallocation of capital from Ethereum ETFs to emerging crypto ETFs, as traders seek higher growth opportunities. 🚀➡️🚀
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A bullish scenario requires ETH to defend the $2,200 level, where minor accumulation appears. If buyers step in, a move toward the midline of the Donchian Channel at $2,466.80 becomes possible, aligning with prior resistance. 🚀➡️📈
A bearish continuation would see ETH lose $2,200, exposing $2,076 as the next target. Failing to hold there could accelerate selling toward $2,000. The declining RSI below its signal line suggests weak buyer commitment. Until ETH decisively reclaims resistance, the trend remains bearish despite oversold conditions. 📉➡️💥
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2025-03-01 05:33