Ethereum Slumps As ETF Outflows Continue

CryptoProwl

Wed, June 24, 2026 astatine 11:16 AM CDT 1 min read

Ethereum's (CRYPTO: $ETH) terms remains anemic arsenic outflows from exchange-traded funds (ETFs) continue. 

In aboriginal trading connected June 24, ETH was astatine $1,670 U.S., down astir 2% implicit the past 24 hours and down 7% successful the past week.

The 2nd largest cryptocurrency by marketplace capitalization remains beneath the cardinal enactment level of $1,700 U.S. amid tepid capitalist sentiment. 

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Ethereum has present moved beneath its 200-day elemental moving average, which signals short-term weakness and further declines ahead.

While immoderate crypto bulls person declared a bottommost successful ETH, others accidental that its terms needs to interruption supra $1,800 U.S. to regain upward momentum. 

The ongoing softness successful Ethereum's terms comes arsenic ETF outflows continue. On June 23, Ethereum ETFs recorded $82 cardinal U.S. of nett outflows, the 4th consecutive time of withdrawals. 

Analysts constituent to continued weakness successful the full crypto marketplace amid uncertainty stemming from the concern successful Iran to the outlook for U.S. involvement rates. 

ETH traded astatine an all-time precocious of $4,953.73 U.S. connected August 24 of past year.