Ethereum Faces One of Its Toughest Stretches This Year Amid ETF Outflows and Long-Term Selling
Ethereum is currently facing significant headwinds as ETF outflows, long-term selling, and technical chart breakdowns converge to put pressure on the market. Despite these challenges, the attention of traders and investors is also drawn toward the activity of whales, key liquidity zones, and the upcoming Fusaka upgrade, all of which could shape the future trajectory of ETH.
Ethereum Slides Amid ETF Outflows and Long-Term Selling
ETH is trading below its 7-day and 30-day moving averages, indicating a bearish trend. Over the past week, the token has recorded a loss of approximately 6.6%. This downward movement follows a sharp reversal from recent highs, keeping Ethereum under sustained pressure against both the US dollar and Bitcoin.
One of the main driving factors behind the slide is a massive $4 billion in net outflows from ETFs, effectively pulling institutional money out of the asset. These redemptions, combined with accelerated selling from long-term holders—those who have held their coins for three to ten years—are steadily increasing the market’s supply.
On-chain data reveals that this older cohort is selling at the fastest pace since 2021, a period historically associated with heightened volatility. While this selling pressure poses challenges, large whale addresses have been capitalizing on the price weakness. According to 10x Research, these whales purchased hundreds of thousands of ETH worth over $1 billion during the recent dip.
This accumulation by whales provides a counterbalance to the selling pressure. However, until Ethereum’s price recovers above its short- and medium-term moving averages, the overall market outlook remains bearish.
Ethereum Tests Weekly Liquidity Levels Amid Key Structural Zones
Meanwhile, new chart analysis from CapoLittle highlights that Ethereum is approaching major weekly liquidity zones. These zones are defined by a sequence of strong highs and lows, liquidity sweeps, and trendline interactions that have historically shaped ETH’s long-term price behavior.
Liquidity sweeps often coincide with trendline touches, which force leveraged positions to liquidate before the price reverses. Currently, Ethereum’s latest move is bringing it back toward a confluence of support formed by previous liquidity sweeps and an ascending long-term trendline.
Notably, the chart shows a recent break of structure near the upper resistance band. This resistance had previously triggered a sharp upward move, signaling the importance of the current price zone. Should ETH hold above the highlighted liquidity zone, the pattern suggests there could be room for a rebound toward the upper boundary.
Conversely, a decisive breakdown below this trendline liquidity region would shift the focus toward deeper support levels established in earlier market cycles.
Ethereum Poised for Significant Milestone with Upcoming Fusaka Upgrade
Beyond the immediate market pressures, Ethereum is quietly positioning for one of its most significant milestones in years as the network prepares for the Fusaka upgrade, scheduled for December 3, 2025.
Following a pullback after the Pectra upgrade in May 2025, ETH has shown signs of recovery. Historically, the Pectra upgrade preceded a strong 53% rally, suggesting positive momentum could build as the Fusaka upgrade approaches.
This upcoming network development remains a key focal point as traders and investors assess Ethereum’s medium- to long-term potential amid the current market volatility.
https://bitcoinethereumnews.com/ethereum/ethereum-etf-outflows-whale-bids-and-the-fusaka-upgrade/
