ETF Outflows vs. Bullish Technical Setups

[cryptohog]

Institutional caution is further reflected in Ethereum spot ETF flows. According to SoSoValue, ETH ETFs recorded their first outflow of 2026 on January 7, continuing a trend that saw heavy withdrawals in late 2025. This reinforces the view that large investors remain hesitant at current price levels.

At the same time, technical analysts see reasons for optimism. Hidden bullish divergence, strong support zones, and tightening Bollinger Bands all suggest that a sizable move could be approaching. Whether Ethereum’s next major move is driven by renewed institutional demand or technical momentum should become clearer in the days ahead.

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technicals always look bullish right when institutions are quietly backing away