Ethereum ETFs: Shed $184M in 4-Day Streak

Ethereum spot ETFs bled $184 million across a brutal four-day negative streak, as reported by Decrypt Media, underscoring persistent investor caution in the crypto market. This outflow surge echoes the initial volatility seen in Bitcoin ETF trends last year, where early approvals triggered similar capital flight before stabilizing amid broader adoption. Traders eye this as a potential shakeout, with ETH holding firm despite the pressure, drawing parallels to BTC's post-ETF launch dips that preceded rallies.

On the 4-hour chart, ETH trades at $2308.83 in a clear bullish structure, hugging the EMA50 support at $2298.95 while the EMA200 at $2253.22 anchors longer-term upside. Momentum stays neutral with RSI at 55.59, but the MACD's golden cross at -4.32 signals building strength—price dances inside Bollinger Bands, testing upper resistance at $2333.39 as volatility compresses. Confluence here screams opportunity: if buyers defend the lower band at $2229.29, expect a thrust higher, but a breach could spark a quick retrace to EMA200 before resuming the grind. This setup aligns with ETH price prediction models forecasting resilience amid crypto market trends and ETF outflows.