US spot Ethereum ETFs recorded $224 million in net outflows on September 16, following the Federal Reserve’s first interest rate increase in three years. BlackRock’s iShares Ethereum Trust (ETHA) led the redemptions with $110.03 million withdrawn. Despite the outflow pressure, Ethereum’s spot price rose 1.54% during the same trading session.
Fidelity’s FETH followed with $55.58 million in outflows, while BlackRock’s staking-enabled ETHB lost another $19.76 million. Combined, these withdrawals pushed the total Ethereum ETF net outflows to $224 million. Meanwhile, 21Shares’ TETH recorded minor inflows. Bitcoin ETFs also saw nearly $296 million in outflows, with BlackRock’s IBIT accounting for $144.1 million of those redemptions.
The ETF withdrawals came one day after the Senate failed to advance the Digital Asset Market CLARITY Act by a narrow margin. The September 15 vote left regulatory ambiguities unresolved for Ethereum and the broader cryptocurrency sector. This uncertainty continues to affect institutional engagement and short-term ETH trading activity as investors assess changing regulatory conditions.
On the technical side, the ETH/USD four-hour chart shows the pair trading below the MA-20 and MA-50, though it remains above the long-term MA-200. The Ichimoku Kijun at $2,486 acts as immediate resistance. MACD signals a Sell, while ADX indicates indecisive trend strength. RSI and CCI are in Sell territory, and Stoch RSI remains Neutral. Near-term projections place ETH/USD between $2,299 and $2,626, with a 47% probability of a move higher. A breakout above $2,486 would support stronger upside, while a move below $2,299 could expose ETH to further losses.
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