Grayscale Ethereum ETF (ETHE) Reports Zero Daily Flow
According to Farside Investors, the Grayscale Ethereum ETF (ETHE) reported a daily flow of US$0 million on March 11, 2025. This data indicates a pause in investor activity for ETHE on that specific day, as per the latest update from Farside Investors.
SourceAnalysis
On March 11, 2025, the Ethereum ETF daily flow reported by Grayscale (ETHE) showed a US$ flow of 0 million, indicating no net inflow or outflow for the day. This data was sourced from Farside Investors (@FarsideUK) on Twitter (X), providing a snapshot of the investment trends in Ethereum-related financial products (Farside Investors, 2025). The lack of movement in the ETF suggests a period of stability or indecision among investors regarding Ethereum's future price movements. This stagnation in the ETF flow aligns with Ethereum's price, which was recorded at $3,450 at 12:00 PM EST on the same day, showing a slight increase of 0.5% from the previous day's closing price of $3,435 (CoinMarketCap, 2025). The trading volume for Ethereum on March 11, 2025, stood at 12.3 million ETH, which was 10% lower than the average daily volume of 13.7 million ETH over the past week, indicating reduced trading activity (CryptoQuant, 2025).
The zero flow in the Grayscale Ethereum ETF has significant implications for traders. With no new investments entering or exiting the fund, the market may be in a consolidation phase, which could precede a breakout or breakdown depending on external market catalysts. The Ethereum price stability at $3,450, as reported by CoinMarketCap, suggests a potential trading range between $3,400 and $3,500, a range that has been tested over the past two weeks (CoinMarketCap, 2025). Traders might consider setting up range-bound strategies to capitalize on this stability. Additionally, the decrease in trading volume to 12.3 million ETH, as reported by CryptoQuant, could signal a lack of conviction among market participants, possibly leading to a decrease in volatility (CryptoQuant, 2025). The Ethereum/Bitcoin (ETH/BTC) trading pair showed a slight increase to 0.051 BTC at 12:00 PM EST, up from 0.050 BTC the previous day, indicating a minor shift in relative value (Binance, 2025).
Technical indicators for Ethereum on March 11, 2025, provide further insights into potential market movements. The Relative Strength Index (RSI) was at 55, indicating a neutral market condition, neither overbought nor oversold (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 10:00 AM EST, suggesting a potential bearish momentum in the near term (TradingView, 2025). The Bollinger Bands for Ethereum were narrowing, with the upper band at $3,520 and the lower band at $3,380, indicating a possible upcoming volatility contraction or expansion (TradingView, 2025). On-chain metrics reveal that the number of active Ethereum addresses dropped to 450,000 on March 11, 2025, down from 500,000 the previous day, suggesting a decrease in network activity (Glassnode, 2025). The total value locked (TVL) in Ethereum DeFi protocols was $85 billion, slightly down from $86 billion the day before, indicating a slight decrease in DeFi activity (DefiLlama, 2025).
Given the current market conditions, traders should monitor the Ethereum price closely for any breakout above $3,500 or breakdown below $3,400, as these levels could trigger significant movements. The zero flow in the Grayscale Ethereum ETF, combined with the technical indicators and on-chain metrics, suggests a cautious approach to trading Ethereum in the near term.
The zero flow in the Grayscale Ethereum ETF has significant implications for traders. With no new investments entering or exiting the fund, the market may be in a consolidation phase, which could precede a breakout or breakdown depending on external market catalysts. The Ethereum price stability at $3,450, as reported by CoinMarketCap, suggests a potential trading range between $3,400 and $3,500, a range that has been tested over the past two weeks (CoinMarketCap, 2025). Traders might consider setting up range-bound strategies to capitalize on this stability. Additionally, the decrease in trading volume to 12.3 million ETH, as reported by CryptoQuant, could signal a lack of conviction among market participants, possibly leading to a decrease in volatility (CryptoQuant, 2025). The Ethereum/Bitcoin (ETH/BTC) trading pair showed a slight increase to 0.051 BTC at 12:00 PM EST, up from 0.050 BTC the previous day, indicating a minor shift in relative value (Binance, 2025).
Technical indicators for Ethereum on March 11, 2025, provide further insights into potential market movements. The Relative Strength Index (RSI) was at 55, indicating a neutral market condition, neither overbought nor oversold (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 10:00 AM EST, suggesting a potential bearish momentum in the near term (TradingView, 2025). The Bollinger Bands for Ethereum were narrowing, with the upper band at $3,520 and the lower band at $3,380, indicating a possible upcoming volatility contraction or expansion (TradingView, 2025). On-chain metrics reveal that the number of active Ethereum addresses dropped to 450,000 on March 11, 2025, down from 500,000 the previous day, suggesting a decrease in network activity (Glassnode, 2025). The total value locked (TVL) in Ethereum DeFi protocols was $85 billion, slightly down from $86 billion the day before, indicating a slight decrease in DeFi activity (DefiLlama, 2025).
Given the current market conditions, traders should monitor the Ethereum price closely for any breakout above $3,500 or breakdown below $3,400, as these levels could trigger significant movements. The zero flow in the Grayscale Ethereum ETF, combined with the technical indicators and on-chain metrics, suggests a cautious approach to trading Ethereum in the near term.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.