Glassnode: ETH ETFs Log 23 Straight Outflow Days

Glassnode data shows US spot ETH ETFs posted 23 straight sessions of outflows, the longest run since the products launched, reflecting fading interest from traditional investors who accumulated aggressively in August and September.

Ethereum trades at $2251.94 on the 4h chart inside a bearish structure defined by the EMA50 at $2317.43 and EMA200 at $2446.66. Momentum remains neutral with RSI(14) at 39.91, while the MACD registers a bullish golden cross at -26.16. Price sits inside the Bollinger Bands, with the upper band at $2384.44 acting as immediate resistance and the lower band at $2178.72 as short-term support. With price testing upper Bollinger resistance at $2384.44 while RSI stays subdued, a healthy retracement toward the 50-EMA support at $2317.43 appears probable before any sustained continuation.