Ethereum ETFs Experienced $184 Million Outflow

Ethereum exchange-traded funds (ETFs) extended their four-day losing streak on Thursday, experiencing outflows of approximately $184 million; this indicates that geopolitical uncertainties in the Middle East are dominating despite record highs in US stocks. Bitcoin ETFs also remained weak with net outflows of $476 million over the same period, but saw inflows of $14.76 million on Thursday. These flows signal that risk appetite in the crypto market is diverging from traditional markets. Ethereum's spot price rose 2.2% to $2.313 during the same period; sales from funds did not translate into direct market weakness. The current ETH price is at the $2.297,92 level, trading with a 1.50% increase in the last 24 hours.

$184 Million Four-Day Outflow in Ethereum ETFs

Outflows accelerated on April 29; Ethereum ETFs experienced the largest daily net outflow of $87.7 million that day, the highest level seen since March. According to SoSoValue data, Ethereum ETFs' cumulative flows fell to $11.9 billion; this is the first time it has dropped this much since the mid-January peak of $12.9 billion. This reflects investors focusing on macro risks while conducting ETH detailed analysis.

Bitcoin ETFs Show Weak Performance with $476 Million Net Outflow

Bitcoin ETFs also experienced their heaviest outflow of $263 million over four days on April 27, and total cumulative inflows fell to $58.1 billion. While the S&P 500 index hit an all-time high of 7.271 points, oil prices traded above $120 per barrel; the UAE's exit from OPEC tensed energy markets.

Geopolitical Risks and Fed Policy Affecting Crypto Flows

These ETF outflows reflect the tendency of crypto assets to follow Bitcoin amid the Fed keeping rates steady at the 3.5-3.75% band and high energy-driven inflation. Optimism in traditional markets is not spilling over to risky assets; geopolitical risks are inflating inflation expectations and pressuring the crypto sector. Myriad users predict a 70% chance of oil heading to $120; this highlights crypto investors' sensitivity to macro pressures. On the Myriad prediction platform, users see a 55% chance of Ethereum's next move reaching $3,000; this is up from 46% on Monday. US-Iran tensions have reduced the probability of a diplomatic solution to 27%.

Ethereum Technical Analysis: Strong Supports and Resistances

In ETH, RSI at 52.01 is in the neutral zone, trend sideways but Supertrend giving bearish signal. EMA 20: $2.287,61. Supports: S1 2.243,92 (strong, 85% score), S2 2.289,73 (68%). Resistances: R1 2.396,79 (67%, +4.50%), R2 2.345,46 (+2.26%). These levels are critical for ETH futures.

Coinbase Lists MegaETH Futures

Breaking news: Coinbase International has listed MegaETH (MEGA) in the futures market. This development shows increasing interest in innovative projects in the Ethereum ecosystem and could support ETH demand. BTC-related flows should also be monitored in BTC spot analysis.