{"id":6569,"date":"2025-08-02T14:22:27","date_gmt":"2025-08-02T14:22:27","guid":{"rendered":"https:\/\/bitunikey.com\/news\/what-next-for-ethereum-price-as-spot-etf-demand-wanes\/"},"modified":"2025-08-02T14:22:37","modified_gmt":"2025-08-02T14:22:37","slug":"what-next-for-ethereum-price-as-spot-etf-demand-wanes","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/what-next-for-ethereum-price-as-spot-etf-demand-wanes\/","title":{"rendered":"What next for Ethereum price as spot ETF demand wanes?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum retreated and entered a technical correction as demand from American investors eased and the crypto market continued to crash following the introduction of tariffs on top US partners.<\/p>\n<div id=\"cn-block-summary-block_1dbc6fcaea0da4b2bebcd7db411df7fa\" 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 token has moved into a technical correction after falling by 12% from the July high.<\/li>\n<li>Demand for spot Ethereum ETFs as started to wane in Wall Street.<\/li>\n<li>Technical analysis points to a brief downside before an eventual rebound.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Ethereum ETF demand wanes<\/h2>\n<p>The Ethereum (ETH) price crashed by over 12% from its highest point in July as demand for ETFs waned. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\">SoSoValue<\/a> data shows that these funds had net outflows of $152 million on Friday, Aug. 1, ending a prolonged streak of inflows started on July 3.\u00a0<\/p>\n<p>Ethereum ETF inflows have been ongoing for the past twelve consecutive weeks, the longest streak since their approval. However, the weekly trend seems worrying as they added $154 million this week, down from $1.85 billion last week and $2.1 billion before that.<\/p>\n<p>Ethereum ETFs have had cumulative inflows of $9.5 billion since their approval, bringing the total assets under management to over $20 billion. BlackRock\u2019s ETHA ET has $10.7 billion, and is followed by Fidelity\u2019s FETH.<\/p>\n<p>The same demand dynamics are happening among Bitcoin (BTC) ETFs, which shed $812 million in assets on Friday and $114 million on Thursday.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Ethereum price crash coincided with the broader crypto market weakness as Trump started his tariffs, and after the U.S. released weak nonfarm payroll data.<\/p>\n<p>On the positive side, Ethereum has some solid fundamentals. For example, the total stablecoin supply in its ecosystem <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.artemisanalytics.com\/asset\/ethereum?from=chains&amp;tab=stablecoins\" target=\"_blank\">increased<\/a> by 5.4% over the last 30 days to $136 billion, while the adjusted transaction volume rose by 50% to $740 billion.\u00a0<\/p>\n<p>The same growth occurred in the decentralized finance industry, where the total value locked in its ecosystem increased by 27% over the last 30 days to $171 billion.\u00a0<\/p>\n<p>Also, Ethereum Treasury Companies have continued to accumulate. Tom Lee\u2019s Bitmine Immersion now holds tokens worth $2 billion, while SharpLink has $1.48 billion. All these treasury companies hold ETH worth $4.92 billion, which is equivalent to 1.16% of the total supply.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14402143\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart indicates that the Ethereum price has been in a strong uptrend since bottoming at $1,393 in April of this year. It reached a high of $3,945 in July, moving closer to its previous year\u2019s highest point.<\/p>\n<p>The coin pulled back and moved to the weak, stop-and-reverse point of the Murrey Math Lines. Top oscillators, such as the Relative Strength Index and the Stochastic, have all pointed downward.\u00a0<\/p>\n<p>Therefore, the ongoing mean reversion may push it to the strong pivot reverse point at $3,125, which coincides with the 50-day moving average. It will then bounce back and possibly hit $4,000 this month as many <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/polymarket.com\/event\/what-price-will-ethereum-hit-in-august?tid=1754113228926\" target=\"_blank\">Polymarket<\/a> traders expect.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum retreated and entered a technical correction as demand from American investors eased and the crypto market continued to crash following the introduction of tariffs on top US partners. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6569","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\/6569","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=6569"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6569\/revisions"}],"predecessor-version":[{"id":6570,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6569\/revisions\/6570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5141"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}