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Ethereum Faces Downside Pressure Near $2,410 as Spot ETF Outflows Persist

Ether has struggled to sustain rebounds around key support levels as spot exchange-traded funds recorded roughly $1 billion in withdrawals over three weeks.

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Ether continues to trade under pressure near its $2,410 support region following repeated sell-offs and failed rebound attempts in the $2,460 to $2,480 range. Trading volume throughout recent declines has favored sellers, keeping market momentum subdued.

Institutional demand has softened alongside ongoing fund redemptions. US-based spot Ethereum ETFs logged $319.97 million in net outflows for the week ending October 16, following prior weekly withdrawals of $138.02 million and $542.07 million. These outflows erased earlier inflows from late September, bringing cumulative net inflows down to $12.94 billion and total assets to $14.95 billion.

The decline in spot ETF demand has left the market increasingly reliant on native crypto buyers, while leveraged positions across derivative exchanges have heightened liquidation risks.

How this piece reads Sell tone -4
Site call on Ethereum Buy score 27.8

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