ETH held firm around the Realized Price despite a net outflow of $19.41 million from ETFs and whales selling 7,621 ETH ($23.85 million) near $3,129, indicating good demand absorption and restrained downward momentum.
The accumulated selling pressure from US spot ETFs and large wallets usually causes deep "flush," but this time the price moved sideways in a controlled manner. This suggests a rotation of Capital flows rather than panic, and that the supply absorption process was effective.
- ETF net outflows and whale selling did not break through the Realized Price zone; supply was absorbed.
- Spot/Futures cash flow is negative but hasn't triggered a cascade, ETH continues to experience net outflows from exchanges.
- The bullish structure holds firm; $3,600 is the target, a loss of $2,973 would open the risk to the 50% Fibonacci level.
ETH holds firm at Realized Price despite ETF Dump and whale selling.
ETH did not break through the Realized Price range despite ETF outflows of $19.41 million and whales selling 7,621 ETH (~$23.85 million) near $3,129, indicating active supply absorption.
In the Derivative market, traders typically monitor funding, open interest (OI), and liquidation flows to confirm absorption. On BingX , the Derivative and copy trading tools help track leverage structures, assisting in reading supply and demand forces when the Realized Price is tested.
Cash flow: ETFs withdraw -$19.41 million and whales sell 7,621 ETH.
Supply pressure came from both sides (ETFs and whales), but the price didn't break down, implying position rotation and absorption.
US ETH spot ETFs recorded net outflows of -$19.41 million, while the market absorbed 7,621 ETH ($23.85 million) sold around $3,129 over three days. Although Spot/Futures are trending negatively on many short timeframes, downward volatility is limited and lacks momentum.
ETH continues to exit the market at the Spot level, avoiding a chain liquidation effect and keeping the price stable around the Realized Price. (Source: ETF: SosoValue )
Realized Price continues to Vai as a launching pad.
If the Realized Price holds firm and supply continues to be absorbed, the situation typically shifts from distribution to accumulation.
In previous cycles, the Realized Price pattern typically marked an inflection point, where, after selling pressure subsided, the price stabilized before expanding upwards. ETH is once again reacting similarly: consolidating sideways before confirming a new impulse. If this fails, the market will search for the next "pocket" of demand.
Trend structure: RSI, MACD, ascending support levels.
The upward trend remains intact; momentum is being compressed while awaiting a decisive signal.
Since the $2,632 sell-off, ETH has created higher highs and higher Dip . The RSI is in the low 40 region, suggesting a consolidation phase rather than a trend break. MACD: the green line is approaching the signal line; buyers need an early breakout to avoid further losses.
The price level will determine the next move.
Holding the ascending support level would reopen the $3,600 target; a loss of $2,973 increases the risk of a deeper correction.
The reaction at the rising trendline is a clear trigger point. A bounce to hold the trade towards $3,600. If it breaks below $2,973, the probability of a deep pullback to the 50% Fibonacci level (an area where there was a previous buying reaction) increases, before the price finds stronger buying support again.
Quick conclusion
Realized price is the battle line; absorbing supply will determine whether a breakout or a decline occurs.
- Realized Price remains a "hot spot" where absorption or failure will determine the trend.
- The convergence of MACD and rising support will determine whether ETH expands or continues to bleed.
Frequently Asked Questions
What does a net outflow of $19.41 million from ETFs indicate?
This outflow indicates a rotation of positions rather than panic. Although ETFs and whales added supply, the price did not break the Realized Price, implying that demand absorbed the supply effectively and the market avoided a large-scale liquidation cascade.
What is Realized Price and why is it important for ETH right now?
Realized Price is the Medium on-chain cost of Capital . This area often serves as a launching pad for expansion phases after selling pressure has subsided. If it holds firm as supply is absorbed, the market typically transitions to accumulation; if it falls, the price will search for the next "pocket" of demand.
What are the notable technical milestones for ETH?
The uptrend continues from the Dip of $2,632. Holding the ascending support will reopen the $3,600 level. Conversely, a break below $2,973 weakens the structure and increases the risk of a correction to the 50% Fibonacci level, where buyers previously reacted.
