Ethereum Trades Near $3,100 as Price Action tightens and US Spot ETH ETFs Record Massive Outflows
Ethereum price trades near $3,100 at press time as volatility has increased. The price tried to reclaim momentum, yet each rebound stalled near overhead resistance.
Meanwhile, US spot Ethereum ETFs recorded another day of net redemptions on January 9. The flow data added pressure during a week when Ethereum price failed to break out.
Farside data indicates total net outflows of $93.8 million for U.S. spot Ethereum ETFs on January 9. BlackRock’s iShares Ethereum Trust (ETHA) led with $83.8 million, while Grayscale’s Ethereum Trust (ETHE) showed $10.0 million.
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