Ether (ETH) saw a slight recovery over the weekend following a turbulent week characterized by significant institutional outflows. On Friday, June 20, U.S.-listed spot ETH ETFs experienced net outflows of $11.3 million, marking the largest single-day decline in June, according to data from Farside Investors.

The majority of the pullback was led by BlackRock’s ETHA ETF, which recorded an outflow of $19.7 million — its only negative flow for the month. In contrast, Grayscale’s ETHE product attracted $6.6 million, while VanEck’s ETHV ETF added $1.8 million, partially offsetting the overall losses. No other issuers reported inflows or outflows.

This data suggests that larger institutions may be cutting back on their exposure to ETH, despite some funds like Grayscale continuing to draw in capital.

Alongside these ETF flow figures, there was a technical rebound in the price of Ether. Although ETH briefly dropped to $2,372.85 on Friday during a heavy sell-off with significantly increased volume, buyers quickly stepped in around the $2,420–$2,430 range. This area has now become a strong support zone, validated by multiple low-volume tests indicating accumulation.

The 24-hour trading volume surged 18.97% above the 7-day moving average, reflecting heightened trading interest during the price recovery. ETH closed near $2,445 and formed an ascending trendline of higher lows, with key resistance levels remaining at $2,480–$2,500.

In terms of technical analysis highlights:

– ETH-USD had a 24-hour trading range of $186.44 (7.25%), with a low of $2,372.85 during a sharp sell-off.
– The drop occurred during the 17:00 hour and was accompanied by a substantial increase in trading volume.
– A key support zone between $2,420 and $2,430 has been established, with successful retests and lower sell-side volume.
– ETH reclaimed 38.2% of the Fibonacci retracement and formed an ascending trendline supported by higher lows.
– Volume accelerated during the 08:00–09:00 hour, signaling bullish momentum.
– The price closed near $2,445, with a late-session rally peaking at $2,447.02.
– Immediate support was found at $2,439.38, maintaining respect for the ascending short-term trendline.

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