Will Ethereum Price Hold $1,900 Level After Five Weeks of $563M ETF Selling?

Ethereum price fell 5% in the past 24 hours, trading near $1,954 as selling pressure intensified. 

The broader crypto market dropped 2.67%, pushing total capitalization down to $2.28 trillion. The markets responded negatively to an above-anticipated U.S. inflation report this week.

January’s Producer Price Index climbed sharply, raising concerns about sticky inflation and prolonged high interest rates. The data placed renewed pressure on the risk-sensitive assets, such as cryptocurrencies.

Ether has also experienced ETF outflows, with the index at 16. The investor sentiment is in the area of Extreme Fear. Continued deleveraging of the derivative markets contributed to the decline.

Ethereum ETFs Offload $1.13B in Five Weeks: What Next For ETH?

Ethereum is experiencing sustained selling pressure as large holders continue reducing exposure across major trading venues. Over the past five weeks, exchange-traded funds using Ether have sold nearly 563,600 units of ETH, which corresponds to withdrawals of about $1.13 billion.

On-chain records further show that Vitalik Buterin sold about 17000 ETH in the past month, and that is equivalent to around 34 million at the current market price. The aggregate supply of institutional products and the high-profile wallets has had a toll on the entire market sentiment.

Consequently, Ether has plummeted almost 49% over a month, falling between approximately $3,400 in mid January to about $1,800. Analysts are warning that further outflows may prolong the fall, but a few traders are closely monitoring a possible turnaround.

Bitcoin and Ethereum ETFs Extend Inflow Streak Despite Market Sell-Off

On February 26, spot Bitcoin exchange-traded funds posted $254 million in net inflows, marking a third consecutive day of positive capital movement.

According to SoSoValue data, investments by investors were still active, and major Bitcoin funds are still attracting regular investments.

The continued inflows are attributable to the fact that Bitcoin is trading around recent highs despite the overall market corrections.

Spot Ethereum exchange-traded funds registered net inflows of $6.5742 million during the same trading session, marking their third consecutive day streak.

Although Ethereum numbers were lower compared, the accumulation process proceeds, indicating better investor trust in the asset.

Ethereum Price Prediction: Will Ether Hold Above $1,900?

As of the reporting, the ETH price crashed to $1,950 during Friday’s volatile trading session. Ethereum failed to gain viable support above the critical $2,000 resistance point.

The Relative Strength Index is also in the neutral area, indicating that the bullish momentum within the market is waning.  In the meantime, the MACD indicator has recorded a new bearish crossover, which supports the short-term, negative perspectives.

On the upside, a decisive close above $2,000 may trigger a rebound toward the $2,200 region. However, only a sustained breakout above $2,300 would validate a broader trend reversal scenario as per the full Ethereum forecast report.

Immediate support lies at approximately $1,900 and is now acting as a major defensive point to the buyers. A failure at a confirmed level of less than $1,900 may hasten the losses to the $1800-level. There is better structural support observed around the $1,700 level, which was a past demand area that offered stability earlier in the month.