Ethereum prices, currently trading above $4,000, are at a critical juncture as corporate treasuries increase accumulation and retail ETF flow shows signs of cooling.
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The U.S. Spot Ethereum ETF posted outflows of about $555 million for the second week in a row, but major corporate buyers stepped in and bought 19,271 ETH ($78.3 million), increasing its total holdings to more than 859,000 ETH.
Institutional investor accumulation and ETF outflows
The Spot Ethereum ETF recorded two consecutive weeks of redemptions from October 20th to 24th, with approximately $243.9 million outflowing in the latest week alone.
Outflows from major funds were noticeable. Fidelity’s FETH had approximately $95.2 million, BlackRock’s ETHA had approximately $89.1 million, and Grayscale’s ETHE and ETH each recorded further outflows.
Similarly, corporate finances have doubled. The company, which recently made a $78 million purchase, added to its ETH holdings just as the price of Ethereum rose above $4,200, demonstrating strong belief in ETH as a long-term asset.
The data suggests a clear polarization of the market, with demand for ETFs from retailers and institutional investors weakening even as direct corporate capital accumulation accelerates. Importantly, institutional investors currently hold almost 4.94% of all ETH in circulation in the Treasury alone, confirming the structural change in ownership.
Ethereum price chart setup: $4,300 resistance in focus
Technically, the price of Ethereum is at a critical juncture. After rebounding from $3,880 and clearing resistance near $4,200, ETH is currently at the upper end of a narrowing wedge between $4,100 and $4,250.
A sustained breakout above $4,300 could trigger a sharp move towards $4,600-$5,000. On the other hand, if the price fails to break out of the resistance level, there is a possibility of a pullback towards $3,700.
Derivatives and liquidity data amplify the stakes. Open interest in ETH futures surged 11.7% in 24 hours, with rising leverage indicating strong positioning ahead of a directional move.
Given the structural backdrop of intense Treasury accumulation and weak ETF flows, the $4,300 level may represent more than just a technical level, but a tipping point where institutional accumulation meets broader market sentiment.
ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview
conclusion
Ethereum’s price trajectory depends on a decisive break above $4,300 as institutional investors pile up capital and retail/ETF flows weaken. A close above that level could validate the accumulation narrative and reach higher targets, but a rejection risks rekindling consolidation or even a deeper correction.
Cover image from Tradingview’s ChatGPT, ETHUSD
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