Overview
- Spot ETH ETFs logged about $145.68 million in net outflows on Oct. 20, led by BlackRock’s ETHA and Fidelity’s FETH, marking a third straight day of withdrawals.
- Short‑term momentum remains soft with ETH trading below the 100‑hour SMA, the hourly MACD in the bearish zone, and RSI under 50.
- Technicians flag $3,840 as first major support with a potential slide toward $3,680 if it breaks, while resistance sits near $4,050–$4,120 before $4,285–$4,300.
- TradeCompass sets 3,968 as the pivot that separates bullish from bearish control on Ethereum futures.
- On‑chain trends show tightening supply with exchange balances down to roughly 15.9 million ETH and staking around 30% of supply with a staking market cap near $140 billion.