Friday Marks Monthly Peak in ETH ETF Outflows as Ether Dips Under $2,500

Ether (ETH) bounced back on Saturday after enduring a volatile stretch that saw significant institutional selling pressure. The cryptocurrency clawed its way higher, closing near $2,445, even as data showed the biggest single-day outflows of the month from U.S.-listed spot ETH ETFs.

On Friday, June 20, spot ETH ETFs collectively reported $11.3 million in net outflows, marking the largest daily pullback in June, according to figures from Farside Investors. The outflows were led by BlackRock’s ETHA ETF, which registered its first negative day of the month, losing $19.7 million.

Meanwhile, Grayscale’s ETHE attracted $6.6 million in inflows, and VanEck’s ETHV ETF added $1.8 million, partially offsetting the broader withdrawals. Other ETF issuers saw no significant activity. These mixed flows reflect a market where some institutions are scaling back exposure, while others remain confident in Ether’s longer-term outlook.

The ETF turbulence coincided with high volatility in Ether’s price. On Friday, ETH plunged to $2,372.85 during a sharp sell-off, as trading volume soared to nearly five times its typical daily average. However, strong buying quickly emerged in the $2,420–$2,430 region, creating a firm support zone that’s been tested several times on lower-volume pullbacks, signaling possible accumulation.

Trading volumes for ETH rose sharply, with 24-hour turnover jumping 18.97% above the 7-day average, highlighting renewed market interest during the bounce. By the session’s close, ETH had carved out an ascending trendline of higher lows, though it continues to face resistance between $2,480 and $2,500.

Technical Analysis Highlights

ETH-USD moved across a $186.44 range (7.25%) over the last 24 hours, bottoming out at $2,372.85 during intense selling pressure.
The steep decline took place around 17:00 UTC, triggering a surge in trading volume to 993,622 units — nearly five times the daily norm.
A key support area emerged between $2,420 and $2,430, validated by repeated low-volume retests suggesting accumulation.
Ether recovered 38.2% of the Fibonacci retracement from the recent drop, forming an upward-sloping trendline with higher lows.
During 08:00–09:00 UTC, renewed buying pushed prices closer to $2,445 amid rising volume.
In the final trading hour, ETH hovered in a tight $5.83 range, from $2,440.14 to a close at $2,443.45.
A brief rally peaked at $2,447.02 around 11:38 UTC, accompanied by a spike of 4,532 units in intra-candle volume.
After a minor dip, ETH quickly found support near $2,439.38, holding its short-term bullish trendline.

Despite heavy ETF outflows and lingering volatility, Ether’s ability to maintain support levels suggests traders remain cautiously optimistic about a further recovery.