ether Ethereum$3,084.23 It traded below $3,100 on Sunday amid a broader pullback in the digital asset. The token was recently trading at around $3,066 as of 9:36 pm UTC, down 3.4% over the past 24 hours. At around 4pm UTC, Bitstamp briefly breached the $3,100 level and fell below that level for the first time since November 4, according to TradingView data.
Ether dips below $3,100 for the first time since November 4 (TradingView)
Spot Ether ETFs have recorded net outflows in four of the past five weeks, representing about 7% of the cost-based capital invested in the product, said Timothy Peterson, investment manager and digital asset researcher at Cane Island Alternative Advisors. He said Bitcoin ETF withdrawals were about 4% over the same period, but he believes that small percentage indicates that investors are now viewing Ethernet as a riskier asset.
Cost-based capital represents the total amount originally committed to an ETF, separate from any gains or losses accumulated after purchase. This metric reflects how much underlying capital long-term participants have contributed to the fund. When redemptions increase as a percentage of this original investment base, analysts interpret it as a decline in belief among existing holders rather than a short-term position change.
Because this indicator focuses on investors’ initial commitments, it provides a clearer reading of sentiment than headline inflows and outflows data, which can be affected by weekly volatility.
Traders will now be looking to see whether Ether’s ETF outflows ease or continue in the coming weeks, and how the token trades around key levels after falling below $3,100 on Sunday. Future flow data and price trends could indicate whether the sentiment gap between Ether and Bitcoin that Peterson highlighted persists.
