Ethereum ETFs End 8-Day Inflow Streak as ETH Dips to $4,300

Group 1: Market Trends - Spot Ethereum ETFs experienced an outflow of $8.54 million on October 9, ending an eight-day streak of net inflows, as Ether's price fell to approximately $4,357, marking a nearly 2% decline in 24 hours and about 3% over the past week, despite a 15% increase in trading volume [1] - In contrast, Bitcoin ETFs saw a continuation of their positive trend with $198 million in net inflows, achieving their ninth consecutive day of gains, indicating a shift in investor sentiment from Ethereum to Bitcoin [2] Group 2: ETF Developments - 21Shares has updated its Ethereum ETF (TETH) by incorporating staking and waiving its 0.21% sponsor fee for twelve months starting October 9, following Grayscale's similar move to integrate staking into its US-based Ethereum ETF, aimed at attracting institutional and retail investors seeking additional returns [3] Group 3: Price Analysis - Ethereum is currently trading within a long-term bullish structure, hovering near a key resistance zone just below $5,000, which has historically acted as a supply area where selling pressure increases [4] - The MACD indicates bullish momentum, while the Chaikin Money Flow remains positive, suggesting ongoing accumulation; however, the recent rejection near the $4,800–$5,000 range indicates potential short-term weakness among buyers [5] Group 4: Analyst Insights - Crypto analyst Ali Martinez has identified the $4,000–$4,800 range for Ethereum as a "danger zone," where the asset has previously faced significant sell pressure leading to corrections of 30–60% [6] - The repeated failures to maintain upward momentum within this range, including a recent pullback to $4,336, highlight the challenges Ethereum faces in sustaining price increases [7]