Ethereum Slumps As ETF Outflows Continue

Ethereum Slumps As ETF Outflows Continue CryptoProwl Wed, June 24, 2026 at 6:16 PM GMT+2 1 min read ETH-USD Ethereum Slumps As ETF Outflows Continue Ethereum's (CRYPTO: $ETH) price remains weak as outflows from exchange-traded funds (ETFs) continue. In early trading on June 24, ETH was at $1,670 U. S.

, down nearly 2% over the past 24 hours and down 7% in the last week. The second largest cryptocurrency by market capitalization remains below the key support level of $1,700 U. S.

amid tepid investor sentiment. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A. I.

Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket Ethereum has now moved below its 200-day simple moving average, which signals short-term weakness and further declines ahead. While some crypto bulls have declared a bottom in ETH, others say that its price needs to break above $1,800 U. S.

to regain upward momentum. The ongoing softness in Ethereum's price comes as ETF outflows continue. On June 23, Ethereum ETFs recorded $82 million U.

S. of net outflows, the fourth consecutive day of withdrawals. Analysts point to continued weakness in the entire crypto market amid uncertainty stemming from the situation in Iran to the outlook for U.

S. interest rates. ETH traded at an all-time high of $4,953.

73 U. S. on August 24 of last year.