$ETH On Monday, I wrote that Citigroup had raised its ETH target to $3,028. By Thursday, I’m seeing the opposite picture: ETH fell from $2,712 (October 5) to $2,562 — nearly 6% in a day — and it’s the sixth consecutive day of outflows from U.S. spot ETH ETFs.
The numbers are specific: outflows totaled $506 million over five days, including $202 million that left BlackRock ETHA just yesterday. Volatility that day exceeded 3.27%, and across the market, 6,937 traders were liquidated in one hour.
This doesn’t directly contradict Citi’s forecast — a 12-month target and a week of ETF outflows are different time horizons. But it shows something more important: there can be a significant gap between what an analyst sees over a one-year horizon and what’s actually happening in ETF accounts right now. The same bank that raised its target on the back of a recovery in BTC ETF inflows is now seeing the opposite trend in ETH.
Personally, I’m not opening a position on this pullback just yet — I want to see whether ETF outflows stabilize over the next few days before treating this as an entry point rather than just a falling knife.
$ETH #Ethereum
The numbers are specific: outflows totaled $506 million over five days, including $202 million that left BlackRock ETHA just yesterday. Volatility that day exceeded 3.27%, and across the market, 6,937 traders were liquidated in one hour.
This doesn’t directly contradict Citi’s forecast — a 12-month target and a week of ETF outflows are different time horizons. But it shows something more important: there can be a significant gap between what an analyst sees over a one-year horizon and what’s actually happening in ETF accounts right now. The same bank that raised its target on the back of a recovery in BTC ETF inflows is now seeing the opposite trend in ETH.
Personally, I’m not opening a position on this pullback just yet — I want to see whether ETF outflows stabilize over the next few days before treating this as an entry point rather than just a falling knife.
$ETH #Ethereum