Ethereum Faces Key Support Test as ETF Outflows Hit $61.7 Million

• Ethereum ETF outflow of $61.7 million on September 16 signals market shifts.
• BlackRock and Fidelity lead in Ethereum ETF outflows, totaling $68.4 million.
• Ethereum’s price action holds key support; traders monitor potential buy opportunities.

Ethereum’s ($ETH) performance is currently under close scrutiny as it maintains a crucial support zone. Michaël van de Poppe, a well-known market analyst, pointed out the importance of this support level in his recent analysis. If Ethereum can sustain its position, the market may see increased strength. 

However, van de Poppe also identified a key price range where he plans to purchase the dip if Ethereum fails to hold its support. His observation comes alongside a detailed price chart that features key indicators like the Relative Strength Index (RSI) and trading volume, which traders are carefully watching in the coming weeks.

Ethereum’s ability to hold this critical support zone is important for short-term market momentum. A failure to maintain this level could signal further downward pressure. Traders are focused on the potential for a pullback, with buy opportunities marked in the event of a price decline.

ETF Outflows Pressure Ethereum Market Sentiment

Ethereum has seen significant ETF outflows, with a recent withdrawal of $61.7 million reported on September 16, 2025. The outflow comes amid a broader trend of Ethereum ETF withdrawals, which have totaled $309.9 million since September 5. 

BlackRock and Fidelity, two major institutional players, were the primary sellers during this period. Together, they offloaded a combined total of $68.4 million in Ethereum.

This outflow trend has raised concerns about the broader market sentiment towards Ethereum. The consistent sales by large entities such as BlackRock and Fidelity could indicate shifting investor perspectives, potentially influencing Ethereum’s price in the short term.

The table detailing ETF outflows reveals that while other firms, including Bitwise, VanEck, and 21Shares, also experienced outflows, BlackRock and Fidelity’s combined sales remain the most notable. 

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.