Institutions continue to unload ETH — ETF outflows reached $76M in the past 24 hours. BlackRock sold $15.1M, while market makers like Wintermute and Flow Traders repositioned heavily on Binance.
$ETH has dropped nearly 20% from its Q3 high ($4,900 → ~$4,000). Analysts describe the current range as a chop zone, though historically, such flush-outs often set the stage for sharp reversals.
Bullish signs emerging:
• A whale initiated a $1B long (237K ETH on Kraken)
• ETH trading volume surged to $40.5B, surpassing BTC by $7B
• Price action resembles 2017 and 2020 accumulation phases
Key level: $4,000.
• Holding above → potential Q4 rally
• Losing it → risk of retest at $3,800 or lower
Accumulation or distribution? The coming week may define ETH’s year-end trajectory.
WhiteBIT Chart: $ETH /USDT (1W)