📉 ETHA Leads $298M Ethereum ETF Exodus: Tactical Rotation or Trend Reversal?
As $ETH
spot ETFs bled $298M yesterday (Jan 21, 2026), BlackRock's ETHA accounted for a staggering $250M of that outflow. This massive sell-off clashes directly with BlackRock’s own recent reports touting Ethereum as the "backbone of global tokenization."
While Grayscale’s mini trust (ETH) saw minor inflows, the overarching narrative is clear: institutional capital is rotating. Is this a short-term tactical retreat triggered by the "Greenland-or-tariffs" macro volatility, or a fundamental reassessment of the layer-1 "transformative force" BlackRock proclaimed? The flow data tells a conflicting story, but the charts suggest a high-stakes battle at the $2,900 support level.
📊 $ETH Trade Setup – The "ETF Pivot" Play
Risk Level: HIGH (Macro Volatility)
Entry Zone: $2,880 – $2,940 (Loading near the "Outflow Floor")
Stop Loss: $2,795 (Invalidation below the weekly support)
Target 1: $3,120 (Immediate EMA resistance)
Target 2: $3,350 (Pre-outflow consolidation zone)
Target 3: $3,600 (Liquidity sweep of local highs)#ETHETFsApproved #ETH #Ethereum