Ethereum ETFs Extend Losses for Fourth Day as ETH Drops to $3,900
Ethereum exchange-traded funds (ETFs) have recorded their fourth consecutive day of net outflows, indicating a notable pullback from institutional investors.
Key Figures
On September 25, Ethereum-focused ETFs saw net redemptions of $251.2 million — the largest single-day outflow of the week. The withdrawals were led by Fidelity’s FETH fund, which alone saw $158 million in outflows, making up over 60% of the total.
Other notable ETF outflows included:
Grayscale ETHE: $30 million
Bitwise ETHW: $27 million
VanEck ETHV: $1.4 million
In total, Ethereum ETFs experienced over $547 million in outflows during the week, highlighting growing caution among institutions regarding short-term ETH performance.
Market Impact and Price Levels
As institutional investors reduced their exposure, the price of Ethereum dropped to around $3,900 — a daily loss of about 2.3%. Over the past week, ETH has declined approximately 13%.
Technically, ETH is testing a key support zone near $3,800. A break below this level could trigger broader market weakness. The next downside range to watch is between $3,750 and $3,800. On the upside, Ethereum faces strong resistance around $4,100 — a breakout above this would be necessary for any short-term recovery.
The overall technical momentum remains weak, suggesting that bulls would need significant strength to shift the current bearish trajectory.
Broader Sentiment
The sustained ETF outflows and price weakness suggest eroding institutional confidence in Ethereum as a short-term investment. Despite strong long-term fundamentals — including network growth, DeFi activity, and ongoing development — ETH currently lacks bullish momentum.
Key takeaways include:
The scale of outflows from major funds like Fidelity FETH signals significant institutional repositioning.
The $547M weekly redemption figure is a strong indicator of current sentiment.
Holding the $3,800 support level will be crucial to avoid a deeper sell-off.
Breaking the $4,100 resistance could mark the beginning of a recovery phase.
Without a major catalyst — such as regulatory clarity, institutional adoption, or a tech breakthrough — ETH could remain under pressure in the near term.