Ethereum Price Pauses at $3,000 as ETH ETFs Experience $19.4 Million in Outflows

On December 12, Ethereum's price stabilized around $3,000 amid reported outflows of $19.41 million from ETH spot ETFs. While BlackRock’s ETHA saw substantial inflows of $23.25 million, other funds, such as Grayscale’s ETHE, faced significant withdrawals totaling $36.52 million. As Ethereum navigates these market fluctuations, analysts are observing a potential inverse head and shoulders pattern that may indicate future price increases.

Key Takeaways

Ethereum's price on December 12 sat around $3,157, reflecting a 5.4% decrease within the day and a 12.6% decline over the last month.
ETH spot ETFs experienced $19.41 million in net outflows, following recent volatility in inflows and withdrawals.
Despite some funds facing redemptions, BlackRock’s ETHA remains the leading ETF in terms of net inflows.
Analysts are identifying a bullish formation on Ethereum's charts that could pave the way for a price target of $4,955.90.

Mixed Flows Across Ethereum ETF Providers

The reported outflows on December 12 came after a turbulent week for Ethereum ETFs. On December 9, inflows peaked at $177.64 million, followed by additional inflows of $57.58 million on December 10. However, the situation reversed, with funds experiencing $42.37 million in outflows on December 11, leading to the latest $19.41 million withdrawal.

Ethereum ETF Data

In detail, Fidelity’s FETH recorded $6.14 million in outflows, while Grayscale’s ETHE experienced $14.42 million in redemptions and $22.10 million in withdrawals from its mini ETH trust. Other funds like Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH saw no significant flow changes.

As it stands, BlackRock’s ETHA holds the title of the largest ETH ETF with a total of $13.23 billion in net inflows. Conversely, Grayscale’s ETHE has accumulated -$5.02 billion in net outflows since its conversion from a trust structure, while Fidelity’s FETH has gathered $2.66 billion in inflows. The total net assets under management for Ethereum ETFs reached $19.42 billion on December 12, with cumulative net inflows across all funds amounting to $13.09 billion. The total trading volume on this day was $1.84 billion.

Analysts Eye Inverse Head and Shoulders ETH Pattern

Analyst Donald Dean has pinpointed an inverse head and shoulders pattern forming on Ethereum’s price chart, suggesting a target of $4,955.90. He noted, “Price recently launched higher from the volume shelf and is moving to the $3,300 volume shelf for a potential launch area.” This technical pattern hints at a bullish continuation once ETH completes its formation, indicating a potential increase of approximately 57% from current levels.

$ETH $ETHUSD Ethereum – Inverse Head & Shoulders
Price Target: $4,955.90
Price trends are indicating a large inverse head and shoulders pattern, with recent movements showing a rise from the volume shelf towards the $3,300 price point for potential growth.

— Donald Dean (@donaldjdean) December 12, 2025

Additionally, analyst Ted has pointed out liquidity clusters at significant price levels. He stated, “Ethereum has a sizable liquidity cluster at $3,000, with additional clusters forming around $3,150 and $3,250 levels.” Ted predicts that ETH may dip to the $3,000 zone to absorb downside liquidity before rebounding, mirroring recent trends observed in Bitcoin’s price movements. The levels of $3,150 and $3,250 may act as immediate resistance points where limit orders have accumulated.