The Ethereum Spot ETF recorded net outflows of $19.41 million on December 12 as ETH price stalled around the $3,000 level.
summary
- Amid mixed fund activity, the Ethereum ETF recorded net outflows of $19.41 million on December 12th.
- BlackRock ETHA saw inflows, but Grayscale and Fidelity outflows pushed down the total.
- Analysts are flagging a bullish ETH setup despite short-term weakness near the $3,000 support.
BlackRock’s ETHA attracted inflows of $23.25 million, while Grayscale’s ETHE and ETH funds recorded combined withdrawals of $36.52 million.
Ethereum (ETH) was trading at $3,157, with a 24-hour range of $3,054.43 to $3,261.13. The token has fallen 5.4% in the past 24 hours and 12.6% in the past 30 days.
Mixed flows between Ethereum ETF providers
The December 12 outflow came after a volatile week for the ETH ETF. December 9th recorded the highest inflow of $177.64 million, followed by December 10th with $57.58 million.
The funds then reversed on Dec. 11 with an outflow of $42.37 million, followed by a withdrawal of $19.41 million on Thursday.
Ethereum ETF Data: SoSo Value
Fidelity’s FETH recorded an outflow of $6.14 million on December 12th. Grayscale’s Legacy ETHE Fund recorded redemptions of $14.42 million, while Grayscale’s Mini ETH Trust recorded withdrawals of $22.1 million.
Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH all recorded zero flow activity.
BlackRock’s ETHA remains the largest ETH ETF with cumulative net inflows of $13.23 billion.
Grayscale’s ETHE has had net outflows of -$5.02 billion since converting from a trust structure. Fidelity’s total inflows into FETH amounted to $2.66 billion.
The total net assets under management of the Ethereum ETF was $19.42 billion as of December 12, and the cumulative net inflows of all funds reached $13.09 billion. The total trading volume on December 12th reached $1.84 billion.
Analysts focus on inverted head-and-shoulders ETH pattern
Donald Dean identified an inverted head-and-shoulders formation on the Ethereum chart with a price target of $4,955.90. “Pricing has recently launched higher off the volume shelf, moving to the $3,300 volume shelf as a potential launch area,” Dean wrote in X.
The analyst pointed to technical patterns that suggest continued bullishness after ETH completes its formation. The $4,955.90 target represents an upside of approximately 57% from current levels.
$ETH $ETHUSD Ethereum – Inverse Head and Shoulders
Target price: $4955.90
Prices tend to exhibit large inverted head-and-shoulders patterns. Pricing has recently launched above the volume shelf, moving to the $3300 volume shelf as a potential launch area.
The next target is… pic.twitter.com/q49PLM5unJ
— Donald Dean (@donaldjdean) December 12, 2025
Ted highlighted liquidity clusters at key price levels. “Ethereum has a large liquidity cluster at the $3,000 level. On the upside, there are liquidity clusters at the $3,150 and $3,250 levels,” Ted posted on X.
The analyst suggested that ETH could wipe out downside liquidity at $3,000 before reversing higher, similar to Bitcoin’s recent price action. The $3,150 and $3,250 levels are short-term resistance zones where limit orders are accumulating.
