ETH Suffers $70M ETF Withdrawal, Eyes $1,800 Support

Ethereum (ETH) faced a significant setback after a $70.7 million net outflow from U.S. spot ETFs on July 24, with BlackRock accounting for the largest share of that activity at $52.8 million.

This withdrawal interrupted a period of sustained inflows and raised concerns over institutional demand, potentially reducing bullish sentiment if similar withdrawals continue.

The net outflow was accompanied by a $5.92 million exchange inflow, indicating fresh supply returning to the market, but still below large exchange inflows that often accompany selloffs.

Ethereum's price continued holding above key support despite rejecting below $1,950, with $1,800 emerging as the next likely support level.