Ethereum (ETH) Market Outlook Weakens as Spot ETF Outflows Hit a 30-Day High

Ethereum's market outlook weakens as spot ETF outflows hit a 30-day high. On Feb. 26, investors pulled out $94.27 million, the third-highest single-day outflow in 2025.

YEREVAN (CoinChapter.com) — Ethereum’s market outlook weakens as spot ETF outflows hit a 30-day high. On Feb. 26, investors pulled out $94.27 million, the third-highest single-day outflow in 2025. The move follows Ethereum’s drop to an intraday low of $2,251, adding pressure to its price.

According to SosoValue, these withdrawals signal diminishing confidence. Traders continue removing funds, reflecting a bearish sentiment that has persisted since Feb. 21. If the trend continues, Ethereum may struggle to maintain key price levels.

BlackRock and Fidelity ETFs See Major Outflows

Among the affected funds, BlackRock’s ETHA ETF recorded the largest withdrawal, with a $69.76 million single-day net outflow. Since its launch, BlackRock’s fund has seen a total net inflow of $4.33 billion. Meanwhile, Fidelity’s FETH ETF lost $18.38 million, reducing its cumulative net inflow to $1.51 billion.

Net outflows indicate investors are withdrawing more capital than they are adding. Persistent withdrawals put downward pressure on Ethereum’s price, making it harder for the asset to recover.

Ethereum Open Interest Declines by 20% in a Week

The futures market reflects the bearish trend. Open interest in Ethereum futures has fallen 20% since the start of the week, now sitting at $20.58 billion, according to Coinglass. This decline aligns with Ethereum’s 17% price drop over the same period.

Open interest tracks the total number of active derivatives contracts, such as futures and options. A sharp decline suggests traders are closing positions instead of opening new ones. This shift signals reduced market participation and a weakening outlook for Ethereum.

ETH Price Breaks Support, Eyes $2,150

On the daily chart, Ethereum has broken below the lower boundary of its horizontal channel, a key support level throughout February. If bearish momentum continues, Ethereum could drop to its year-to-date low of $2,150.

Charts from TradingView show that ETH needs buying pressure to reverse course. If demand increases, Ethereum could rise toward $2,467, with a potential breakout leading to $2,585.

For now, outflows, declining open interest, and weakening market sentiment point to continued downside risks. Investors will be watching closely for any signs of renewed demand.