Ethereum News Update: BlackRock's ETH Sell-Off Triggers Downward Trend as $2B Exits ETFs

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Ethereum News Update: BlackRock's ETH Sell-Off Triggers Downward Trend as $2B Exits ETFs

Bitget-RWA2025/11/20 06:02

By:Bitget-RWA

- Ethereum ETFs face $2B outflows as BlackRock deposits $175.93M ETH into Coinbase Prime, signaling strategic offloading. - Death Cross pattern and oversold RSI highlight technical fragility, with price needing $3,200 to avoid $2,500 retest. - Institutional selling and macroeconomic uncertainty drive $73B ETP outflows since October, deepening bearish sentiment. - Analysts warn BlackRock's absence from crypto purchases since mid-2025 risks prolonged capitulation below $2,800 support.

Ethereum (ETH-USD) is under increasing strain as the crypto sector contends with significant institutional sell-offs and declining investor sentiment. Recent figures indicate that crypto investment products saw $2 billion in outflows last week, with Ethereum-focused ETFs shedding

4% of their total managed assets

- as reported by CoinShares. This is the third week in a row of outflows, deepening worries about a sustained bearish phase. At the same time, BlackRock’s heightened on-chain transactions have fueled speculation, as the asset management giant transferred

$175.93 million in ETH

Coinbase

Prime, in addition to a single $467.16 million BTC deposit. Market observers believe these actions point to deliberate reductions in crypto exposure rather than standard ETF portfolio adjustments, stoking concerns about further price drops.

Technical analysis offers a mixed outlook for

Ethereum

. Although the coin has managed to stay above $3,000 recently, major moving averages and momentum indicators reveal underlying weakness.

The 50-day EMA at $3,444 and the 100-day EMA at $3,800

have formed what’s known as a “Death Cross,” which typically signals a bearish market. The daily RSI is also close to oversold at 35, but a sustained move above $3,200 is needed to confirm any short-term recovery.

Cointelegraph’s analysis suggests

that if buyers cannot defend this level, Ethereum may revisit support at $2,880 or even $2,500.

Ethereum News Update: BlackRock's ETH Sell-Off Triggers Downward Trend as $2B Exits ETFs image 0

Broader economic uncertainty and aggressive moves by large holders are adding to the selling pressure.

James Butterfill of CoinShares linked the recent outflows

to “uncertainty around monetary policy and significant selling by crypto whales,” highlighting that digital asset ETPs have seen $73 billion in AUM evaporate since their October highs.

BlackRock’s ongoing substantial transfers to Coinbase Prime

— totaling $642 million in BTC and

ETH

— have unsettled retail traders, with some viewing these as panic-driven exits. This is reflected in ETF statistics, where

Ethereum’s net assets have dropped

from $26.8 billion in early October to $19.6 billion.

Despite the negative sentiment, a few analysts believe stabilization is possible.

A recovery above the 20-day EMA

at $3,444 could set the stage for a move toward the 50-day SMA at $3,871, potentially marking the end of the current correction. However, this outcome depends on renewed institutional interest and improvements in the macroeconomic environment.

At present, the downward trend remains dominant

, as open interest in

XRP

derivatives and continued Ethereum ETF outflows highlight the market’s vulnerability.

The direction of the wider crypto market may also depend on BlackRock’s upcoming actions. Since mid-2025, the company has not made major crypto purchases, leading to a slowdown in accumulation, while

its recent sales have reinforced bearish sentiment

. Should institutional players regain trust, Ethereum might find support near $2,800, but until then, both technical and on-chain signals point to more downside risk.

---

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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