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Ethereum fell to $1,506 as spot ETFs saw $870 million in withdrawals. The drop reverses institutional gains and tests key support levels.
Ethereum has dropped to $1,506, its lowest level since April 2025, marking a sharp reversal for the institutional trade that followed the 2024 approval of spot ETFs [2]. The decline comes as four consecutive weeks of outflows totaling more than $870 million have eroded demand, with total ETF assets plunging 70% from their $30 billion peak to $8.71 billion [2]. This current slump contrasts with the optimism seen in July 2024, when the token climbed above $3,000 following U.S. regulatory approval of the funds [1].
Key takeaways
The recent price slide is driven by a significant shift in institutional sentiment. Data shows spot Ethereum ETFs have suffered a 17-day outflow streak, interrupted by only one day of inflows, resulting in total assets dropping to $8.71 billion [2]. This represents a massive reduction from the roughly $33 billion in assets under management reported shortly after launch, which initially outpaced the growth of Bitcoin benchmarks [1][2]. As investors reduce risk across digital assets, the products designed to provide regulated exposure have become a source of persistent selling pressure [2].
While ETFs bleed capital, technical indicators suggest further stress. Inflows to centralized exchanges have climbed, increasing the available supply on trading platforms and adding to downside risks [2]. This downturn occurs as Bitcoin also falls toward a four-month low near $60,000, reflecting weakened broader crypto sentiment [2]. Despite the current gloom, some analysts remain cautiously constructive for the longer term, arguing that successful network upgrades and a gentle economic easing cycle could support a recovery toward $4,000 or higher by the end of 2025 [1]. However, others warn that if macroeconomic conditions, such as rising U.S. Treasury yields, persist, the token could remain stuck near its current valuation [1].
The retreat to the $1,500 level challenges the narrative that institutional adoption via ETFs would provide a permanent price floor for Ethereum [2]. It highlights the asset's sensitivity to broader macroeconomic shifts, such as U.S. 10-year yields, which have historically correlated with significant price swings [1]. Moving forward, market watchers will likely focus on whether the upcoming Pectra network upgrade can reignite developer activity and demand, or if competition from faster blockchains like Solana will continue to erode Ethereum's market share [1].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 12, 2026 · How we report
Perpetual futures are leveraged contracts that allow traders to speculate on an asset's price without an expiration date, meaning they do not need to be rolled over.
Regulated status allows institutional investors, such as family offices and registered investment advisors, to participate in the derivatives market while adhering to compliance frameworks that prohibit the use of unregulated offshore platforms.
Record open interest in ETH terms suggests that speculative exposure is growing despite a weaker spot price environment, though it does not confirm whether traders are betting on a price recovery or hedging against further downside.