Ethereum ETFs Bleed $81M in a Day: ETH Dives to $3,677 – Buy the Dip at $3,500 for $5,260 Target?

Following a brief two-day inflow streak, Ethereum ETFs recorded $81.4 million in net outflows last week—led by $81.4 million exiting on October 29 alone. While tiny outflows from VanEck's ETHV occurred, Fidelity's FETH at $69.5 million, Grayscale's ETH and ETHE combined at $29 million, and only BlackRock's ETHA registered $21.4 million in inflows. This follows a week of heavier outflows of $244 million (October 20–24) with no positive flows. Permanent selling shows institutional caution and profit-taking in the context of greater crypto ETF outflows reaching over $670 million, pushing ETH below $4,000; technicals indicate RSI at 44.45. MACD at -68.13 suggests downside risk to $3,750–$3,850. Though Ethereum ETFs have suffered recent losses, they have $26.39 billion in AUM (5.55% of ETH market capitalization) with $14.35 billion in cumulative historical inflows from inception.

ETHUSD trades weak on weak institutional demand. It hits an intraday low of $3677 and is currently trading around $3866.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $3856

EMA (4-hour chart)

55-EMA- $3961

200-EMA- $4075

365-EMA- $4096. The pair trades below short and long term moving average.

Major Support - $3770. Any breach below $3800 will drag the pair down to $3500/$3000.

Major Resistance - $4300.  Any break above $4300 confirms minor bullishness, a jump to $4500/$4770/ $5000/$5263.

Indicators (4-hour chart)

CCI(50)- Bearish

ADX-  Bearish

5. Investment Strategy for ETHUSD

It is good to buy on dips around $3500 with a stop loss around $3000 for target profits of $5000/$5260.