ETH Price Faces Volatility After $429M ETF Outflows, But Bullish Accumulation Offers Hope

Ethereum (ETH) saw a notable dip in price after experiencing a three-day losing streak due to $429 million in spot ETF outflows on October 13th. This followed Bitcoin (BTC) spot ETFs which witnessed a net outflow of $327 million, with BlackRock’s IBIT posting only a slight inflow. Ethereum’s price currently hovers around $3,901.86 after experiencing a persistent decline over the past week. 16% drop in value signals continued selling pressure and declining momentum.