Ethereum Flashes a Risky Pattern as ETH ETFs Post Their Worst Monthly Outflows on Record - Grayscale Ethe

Ethereum is showing a bearish setup as ETH ETFs post their worst monthly outflows on record. The article says ETH has slid since late September, falling to about $2,245 on Saturday—roughly 20% below its September high—and has formed a head-and-shoulders pattern that typically signals further downside. The decline is linked to persistent ETF withdrawals: SoSoValue data cited shows outflows for five straight weeks, with $431 million leaving last week alone. October’s total outflows reached $1.6 billion, the worst month since approval in July 2024. Earlier months included $365 million in July, $1.85 billion in August, and $832 million in September. The piece also notes higher selling pressure than in BTC and SOL ETFs, plus wider macro headwinds tied to rising bond yields and a hawkish Fed.