Ethereum’s spot ETF has been experiencing consecutive outflows despite the cryptocurrency's price gains, indicating possible profit-taking by investors. Recent data, including from Sosovalue, shows that the Ethereum ETF faced outflows for the second consecutive day on September 12, even as Ethereum's price ended positively. Other US-based ETFs showed no net flow, except for Grayscale, which recorded a significant outflow. Despite these outflows, the overall net asset value of the Ethereum ETF remains substantial at $6.45 billion. The price of Ethereum itself has been fluctuating, closing the last session with a slight increase but has since seen a minor decline. The resistance level around $2,500 continues to be a significant barrier for price growth. Meanwhile, the number of Ethereum holders is on the rise, suggesting ongoing interest and investment in Ethereum despite market fluctuations.

Recent data revealed that the Ethereum ETF experienced a negative flow in the last trading session, marking the second consecutive day of outflows. This occurred despite Ethereum’s [ETH] price showing a positive close, ending its trading session with gains.Ethereum ETF see a consecutive outflowAccording to data from Sosovalue, Ethereum ETF experienced another day of outflows on the 12th of September. This marked a continued trend despite ETH closing positively in the previous trading session. Additionally, the analysis revealed that other US-based ETFs recorded zero net flow, except for Grayscale, which saw an outflow of $20.14 million. As of this writing, the overall net asset value is around $6.45 billion.The ETF outflows may indicate investors taking profits or reallocating funds, even as Ethereum’s price trended positively. This pattern suggested that while there may be some short-term repositioning among institutional investors, retail and direct market demand for Ethereum could still be strong, allowing for price stability or growth despite the ETF outflows.ETH caught between profit and lossAMBCrypto’s analysis of Ethereum’s daily price chart showed that ETH closed the last trading session with a nearly 1% increase, bringing its price to around $2,361. However, as of this writing, the king of altcoins lost most of those gains, and was trading at approximately $2,350 at press time, reflecting a 0.45% decline.Further analysis indicated that ETH’s price has been subdued, much like the Ethereum ETF flow trends, as it struggled to climb toward the $2,500 price level. The short-moving average (yellow line) has become a key resistance near this price area, with ETH consistently failing to break above it. This resistance at around $2,500 has held firm, making it a significant hurdle for Ethereum’s price momentum.Holders continue accumulationAn analysis of the Ethereum holders’ chart revealed that the number of ETH holders continued to grow despite the recent Ethereum ETF outflow trends. As of this writing, the number of holders surpassed 127 million, showing a consistent upward trend.Read Ethereum’s [ETH] Price Prediction 2024-25 This indicated that the number of addresses with non-zero balances were increasing, suggesting that more addresses are actively buying ETH.This growth in the number of holders is seen as a positive trend, especially given the current subdued price movements and Ethereum’s resistance around the $2,500 level. 