U.S. spot Ethereum ETFs recorded net outflows of $142 million, $224.1 million, and $39.3 million from September 15 to 17, representing approximately $405 million over three consecutive sessions. These outflows contrast with a rebound in Ethereum’s price, which rose from lows near $2,370 to around $2,500 this week, as buyers stepped in despite increased market volatility. Analysts note that if ETH breaks resistance at $2,550, this move would indicate that demand in the spot market is absorbing institutional sell pressure.
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