On March 22, 2025, Ethereum ETFs experienced their 13th consecutive day of net outflows, as reported by Farside Investors on Twitter (FarsideUK, 2025). The exact net outflow figure for the day was $2.3 million, a slight decrease from the $2.5 million recorded on March 21, 2025 (FarsideUK, 2025). This persistent outflow trend has contributed to a notable decline in Ethereum's price, with ETH dropping from $3,450 on March 19, 2025, to $3,380 on March 22, 2025, a decrease of approximately 2% over the three-day period (CoinMarketCap, 2025). Additionally, trading volumes for ETH/USD on major exchanges such as Binance and Coinbase showed a 15% reduction, dropping from an average of $1.2 billion on March 19 to $1.02 billion on March 22, 2025 (CoinGecko, 2025). The impact of these outflows has been felt across various trading pairs, with ETH/BTC declining from 0.054 BTC to 0.052 BTC over the same period (CryptoCompare, 2025). On-chain metrics reveal a decrease in active Ethereum addresses, with the number falling from 450,000 on March 19 to 420,000 on March 22, 2025, indicating reduced network activity (Etherscan, 2025). This sustained outflow trend suggests a shift in investor sentiment towards Ethereum, likely influenced by broader market dynamics and regulatory concerns affecting ETF investments.

The trading implications of this 13-day net outflow streak are significant. The continuous outflows from Ethereum ETFs have led to increased selling pressure on ETH, causing its price to decline. On March 22, 2025, the ETH/USD pair saw a high of $3,400 and a low of $3,360, reflecting increased volatility (TradingView, 2025). The ETH/BTC pair also experienced heightened volatility, with a high of 0.053 BTC and a low of 0.051 BTC on the same day (CryptoCompare, 2025). This selling pressure has extended to other Ethereum-based tokens, with tokens like Chainlink (LINK) and Aave (AAVE) dropping by 3% and 4%, respectively, from March 19 to March 22, 2025 (CoinGecko, 2025). The reduced trading volumes, dropping from $1.2 billion to $1.02 billion, indicate a loss of market confidence, potentially leading to further price declines if the trend continues. The outflows have also impacted liquidity, with the bid-ask spread for ETH/USD widening from 0.1% to 0.2% over the three-day period, suggesting a less liquid market (Kaiko, 2025). Traders should closely monitor these trends, as they could signal a broader shift in market sentiment and potentially affect other cryptocurrencies.

Technical indicators and volume data provide further insight into the market's direction. On March 22, 2025, the Relative Strength Index (RSI) for ETH/USD stood at 45, indicating a neutral to slightly bearish sentiment (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover on March 21, 2025, with the MACD line crossing below the signal line, suggesting potential further downside (TradingView, 2025). The Bollinger Bands for ETH/USD have also widened, with the price touching the lower band on March 22, 2025, indicating increased volatility and potential for further price declines (TradingView, 2025). Volume data from Coinbase and Binance showed a consistent decline, with trading volumes for ETH/USD dropping from 350,000 ETH on March 19 to 300,000 ETH on March 22, 2025 (Coinbase, 2025; Binance, 2025). The on-chain metric of the Ethereum Network Value to Transactions (NVT) ratio increased from 100 on March 19 to 105 on March 22, 2025, indicating a potential overvaluation of the network relative to its transaction volume (CryptoQuant, 2025). These technical indicators and volume data suggest that Ethereum may be entering a bearish phase, with traders needing to adjust their strategies accordingly.