On-chain data revealed massive Ethereum outflows from exchanges last week, amounting to $1.8 billion and indicating long-term strategies from investors.
The Scale of Ethereum Outflows
Approximately 845,000 ETH left exchanges last week, marking the highest weekly outflow since December 2022. This coincides with increased selling pressure as the crypto market trends downward.
Market Impact and Expectations
According to Coinmarketcap, Ethereum experienced increased volatility over the past month, losing over 50% of its value since December 2024. The crypto asset is currently trading at $2,073, a 4% decline in the last 24 hours. President Trump's announcement of a U.S. crypto reserve including Ethereum added to market uncertainty. Tradingview suggested that for a recovery rally, bulls must defend the $2,100 level amid improved market sentiment and continued exchange outflows.
Potential for Ethereum Staking ETFs
Marcin Kazmierczak, CEO of Redstone, highlighted the potential introduction of staking ETFs as a catalyst for Ether's next price move. Consensys founder Joe Lubin noted that ETF issuers expect regulatory approval for staking in 2025. The SEC established a task force in January to develop a framework for digital asset management, which could facilitate Ethereum staking approvals. Former Polygon financial chief emphasized that such approval would be a positive step for the industry.
Record Ethereum outflows from exchanges and the prospect of staking ETFs provide a unique opportunity for long-term accumulation and market stabilization.
