---
title: "Red alert for Ethereum as spot ETFs shed $454m"
url: https://diffcoin.com/red-alert-for-ethereum-as-spot-etfs-shed-454m/
description: "Ethereum price has crashed to a key support level this year as spot ETH ETFs continues to shed assets this year"
published: 2025-03-09
updated: 2025-03-09
author: "Mila"
site: "Diffcoin"
---

# Red alert for Ethereum as spot ETFs shed $454m

Ethereum sits at a crucial support level as demand for spot exchange-traded funds wanes on Wall Street.

Ethereum (ETH), the second-biggest crypto, has stagnated at $2,100 in the past few days. This price is about 47% below the highest level in December and 45% lower than where it was in the same period last year.

Data shows that Wall Street investors have continued to dump assets. According to SoSoValue, all Ethereum ETFs shed $120 million in assets last week after losing $335 million a week earlier — $455 million in total.

The net inflow in these Ethereum ETFs is $2.7 billion, much lower than Bitcoin’s (BTC) $37 billion.

A likely reason for the weak inflow trends is that Ethereum has dropped and underperformed other cryptocurrencies since 2024.

Further, Ethereum ETFs do not allow staking, where investors generate a return by delegating their tokens to secure the network. Data by StakingRewardsshows that Ethereum yields about 3.25%. Ethereum coins worth over $73 billion have been staked.

Ethereum has also faced more challenges. It is no longer the most profitable player in the crypto industry as its 2025 fees stood at $202 million. That’s lower than the fees of other networks, including Jito (JTO), Uniswap (UNI), Tron (TRX), and Solana (SOL).

Ethereum’s network is also facing substantial competition from popular layer-1 blockchains like Solana and BNB, and layer-2s like Base and Arbitrum.

## Ethereum price technical analysis

![Ethereum price](https://crypto.news/app/uploads/2025/03/Ethereum-Price-1.png)

ETH price chart | Source: crypto.news

The daily chart shows that the ETH price has been in a strong downward trend in the past few months. It has dropped from a high of $4,105 in November last year to $2,160.

The current Ethereum price is important because it is slightly above the crucial support level at $2,000. It is also at an important level, where it failed to move below in August and September last year.

Most importantly, this price is at the neckline of the triple-top chart pattern. Therefore, losing this support will point to further downward momentum, with the next point to watch being the psychological level at $1,500.

[Source link](https://crypto.news/red-alert-ethereum-price-as-spot-eth-etfs-shed-454m/)