Ethereum holds firm above $4,200 support despite record ETF outflows; institutional flows show selective demand with BlackRock’s ETHA adding $44.16M on Sept 9. Analysts track $4,487 as the decisive breakout level that could push ETH toward $4,840 if reclaimed.
Ethereum defended $4,200 support amid heavy ETF outflows
BlackRock’s ETHA recorded $44.16M inflows while Grayscale shows $4.6B cumulative outflows
Analysts identify $4,487 as the key resistance; a flip could target $4,840
Ethereum holds $4,200 support after ETF outflows; check technical levels and institutional flows now — read the latest analysis.
Ethereum holds firm above $4,200 despite record ETF outflows, with analysts watching $4,487 as the key level for a run toward $4,840.
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- Ethereum defended the $4,200 support despite heavy ETF outflows, maintaining bullish market stability.
- BlackRock’s ETHA recorded $44.16M inflows, driving institutional demand while Grayscale faced $4.6B outflows.
- Analysts track $4,487 resistance as the breakout level that could send Ethereum toward $4,840.
Ethereum has maintained strong stability above the $4,200 level, even after September 5 recorded the second largest ETF outflow in history. Despite heavy selling pressure, the asset’s resilience has kept momentum intact, with analysts now turning attention to the $4,487 level. A successful reclaim could set Ethereum’s path toward $4,840.
What is the current status of Ethereum after the ETF outflows?
Ethereum holds $4,200 support after a significant ETF outflow episode, trading with sustained accumulation between $4,100 and $4,200. Short-term momentum favors bulls if $4,487 is reclaimed, with on-chain liquidity and ETF flows underpinning market structure.
How did ETF flows affect Ethereum’s price and institutional demand?
ETF flows were concentrated: BlackRock’s ETHA recorded $44.16 million in net inflows on September 9, while Grayscale faced cumulative outflows of $4.6 billion. Data from Coingecko shows 24-hour trading volume at $29.16 billion, reflecting robust liquidity even during redemption pressure. Analysts interpret selective institutional inflows as reinforcement for key support zones rather than broad-market capitulation.
Ethereum Holds $4,200 Support Amid ETF Outflows
According to industry commentator Axel Bitblaze, ETH held $4.2K solidly even after Sept 5th delivered the second-biggest ETF outflow in history. Market charts indicate an accumulation band between $4,100 and $4,200 that prevented a decisive breakdown during volatile sessions.
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Ethereum traded at $4,427.63 with a 2.5% daily increase, recording a 24-hour range of $4,280.00 to $4,426.87. Market capitalization stood at $534.30 billion, reinforcing Ethereum’s position as the second-largest cryptocurrency. Circulating supply matched total supply at 120,704,920 ETH, confirming no new issuance during the period.
On-chain and market-structure indicators show steady accumulation at established support zones, followed by gradual expansion toward resistance. Technical analysts emphasize $4,487 as the immediate barrier: a confirmed reclaim and flip to support would increase the probability of a test of $4,840 aligned with prior swing highs.
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