Now That Ethereum ETFs Are Dead, What’s Next For ETH Price?

How does it feel that the above picture is the only reason the Ethereum price is trading above $2000?

Ethereum ETFs just suffered their worst week on record. According to Farside Investors, spot ETH funds saw $795.6M in outflows last week, narrowly beating the previous $787.7M record set earlier this month.

“ETF flows mirror investor hesitation — high volumes, but cautious allocations,” one Farside analyst said.

The Fidelity Ethereum Fund (FETH) led the exodus with $362M withdrawn, while BlackRock’s ETHA lost over $200M despite managing more than $15B in assets.  Grayscale’s ETHE also reported heavy withdrawals, underscoring that this wasn’t isolated selling but a broader wave of investor caution.

So, will we see a new Ethereum ATH this year or not?

Data Check: Is Ethereum Actually Stronger Than It Looks?

All you had to do was buy Bitcoin under $1000 and Ethereum under $20. You had seven years to stack for this very moment—the great fiat collapse.

With all that said, even with money bleeding out, Ethereum’s on-chain picture isn’t falling apart. CryptoQuant data shows exchange reserves slipping lower as coins move into cold storage or staking contracts. When demand kicks in, less supply on exchanges often sets the stage for sharper moves.

🚨BREAKING:

TOM LEE & BITMINE JUST BOUGHT $1 BILLION IN $ETH IN 48 HOURS.

WITH TOM LEE AS CHAIRMAN, THE ROAD TO 5% ETHEREUM ADOPTION IS BEING BUILT.

FADE ETH AT YOUR OWN RISK. pic.twitter.com/daGMZO3tzj

— Merlijn The Trader (@MerlijnTrader) September 27, 2025

At the same time, bearish puts on Ethereum look stretched. With most downside liquidation clusters already cleared, the bulk of leverage now sits above price. In plain terms, even a modest move higher could trigger a cascade of short liquidations and cause a short squeeze.

CoinGecko’s long-term charts reinforce the backdrop. ETH has outperformed most Layer-1 rivals year-to-date, with a 62% gain versus Solana’s 45% and BNB’s 28%. The problem isn’t ETH’s fundamentals — it’s sentiment.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Bitcoin ETFs Are Bleeding Too, But Why Does it Look Stronger?

Ethereum wasn’t alone. Spot Bitcoin ETFs lost $902.5M last week, led by Fidelity’s FBTC. Still, Bitcoin held firmer than ETH, sliding 5.5% to $109,352, with liquidation clusters stacked above rather than below.

Glassnode data shows that ETF inflows earlier in September remained net positive, suggesting that BTC retains stronger institutional bid support.

Ethereum’s chart paints a fragile balance. The price is hugging the 200-day EMA near $4,000, a level that often acts like a launchpad. Momentum indicators are neutral: RSI at 38 and fading OBV point to weaker volume, but not outright collapse.

“ETH looks stuck until demand flips the balance, but when it does, the move can be violent,” a trader on X noted.

If buyers regain control, ETH could easily squeeze past $4,200, forcing shorts out of the trade. If not, the next support rests near $3,700.

And if everything for Ethereum collapses  you need to learn how to grow food. Can the food and store it. Also make your own wheat and bread. Have livestock for milk. Good luck.

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