{"id":18763,"date":"2025-12-28T12:04:58","date_gmt":"2025-12-28T12:04:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-a-risky-pattern-as-network-fees-etf-inflows-slump\/"},"modified":"2025-12-28T12:05:08","modified_gmt":"2025-12-28T12:05:08","slug":"ethereum-price-forms-a-risky-pattern-as-network-fees-etf-inflows-slump","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-a-risky-pattern-as-network-fees-etf-inflows-slump\/","title":{"rendered":"Ethereum price forms a risky pattern as network fees, ETF inflows slump"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price was stuck below the psychological point at $3,000 as exchange-traded fund inflows slowed and transaction fees in the network plunged.<\/p>\n<div id=\"cn-block-summary-block_68f573b7cf561b11db6811d90f1ba34e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price has formed several bearish patterns on the daily chart.<\/li>\n<li>The network fees have slumped by 57% in the last 30 days.<\/li>\n<li>The ETH ETF inflows have also slumped in the past two months.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethereum (ETH) was trading at $2,945, down by 40% from its highest point this year. It has also formed a risky pattern, pointing to more downside in the near term.\u00a0<\/p>\n<p>SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\" rel=\"nofollow\">data<\/a> shows that demand for Ethereum ETFs has largely waned in the past few weeks. The network had over $38 million in outflows on Friday after shedding $52 million and $95 million in the previous two trading days.\u00a0<\/p>\n<p>These funds experienced $102 million in outflows last week after shedding $643 million in the previous week. Most importantly, this was the second consecutive month of outflows.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Meanwhile, Nansen data shows that the network is making less money in terms of fees. Ethereum network made $11.1 million in fees in the last 30 days, down by 57% from the same period.\u00a0<\/p>\n<p>This decline happened after the Fusaka upgrade<strong> <\/strong>and as activity in the network slowed. For example, data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/ethereum?dexsVolume=true&amp;tvl=false&amp;groupBy=monthly\" target=\"_blank\" rel=\"nofollow\">DeFi LLama<\/a> data shows that the network\u2019s DEX volume dropped to $44 billion in December.<\/p>\n<p>The volume has dropped for four consecutive months and is now at its lowest level since October last year. It peaked at over $126 billion in August this year.\u00a0<\/p>\n<p>On the positive side, BitMine has started staking its huge Ethereum hoard, a move it expects will start making it millions of dollars in returns annually. The new staking inflows will help to offset the outflows, which jumped to nearly $90 million in the last 30 days.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the ETH price has been in a strong downtrend in the past few months. It has dropped from a high of $4,980 in August to the current $2,940.\u00a0<\/p>\n<p>ETH has formed a death cross pattern and is now in the process of forming a head-and-shoulders pattern. It has also formed a bearish pennant pattern and is below the Supertrend indicator.\u00a0<\/p>\n<p>Therefore, the most likely ETH price forecast is bearish, with the initial target being at $2,615, its lowest point in November. A drop below that level will point to more downside, potentially to the psychological point at $2,500.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price was stuck below the psychological point at $3,000 as exchange-traded fund inflows slowed and transaction fees in the network plunged. Summary Ethereum price has formed several bearish patterns&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18763"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18763\/revisions"}],"predecessor-version":[{"id":18764,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18763\/revisions\/18764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}