US spot Ethereum exchange-traded funds recorded another day of withdrawals on October 6, extending a losing run that has now lasted six sessions. According to SoSoValue data cited in the source report, the products posted $201.9 million in net outflows, their largest single-day withdrawal since mid-September.

The latest move brought cumulative net outflows since September 29 to about $407.8 million, marking the longest outflow streak since a nine-day stretch in late June. The pullback came as Ethereum demand indicators remained under pressure even while Bitcoin spot ETFs continued to attract fresh money.

Largest withdrawal in three weeks

The October 6 outflow stands out not only because it extended the streak, but because of its size. At $201.9 million, it was the heaviest one-day withdrawal from US spot Ethereum ETFs in roughly three weeks, underscoring the recent deterioration in fund flows.

The six-day run of net redemptions has now erased roughly $407.8 million since September 29. The source article framed that as Ethereum ETFs' longest uninterrupted period of outflows since a nine-session stretch seen in late June.

ETH price held up, then weakened

Ethereum's market price initially showed some resilience during the ETF outflow streak, but that steadiness faded as selling pressure continued. During the day, ETH dropped to an intraday low near $2,591.71 before trading around $2,617.76, leaving it down 2.9% over 24 hours, according to the source material.

That price action took shape against what the report described as broader softness in demand. While the ETF withdrawals did not immediately trigger a sharp decline, the later move lower suggested that the market's ability to absorb persistent negative flow may be weakening.

Demand measures remain under pressure

The source article pointed to several additional indicators that also suggested weak appetite for Ethereum. These included the Coinbase Premium, validator staking queues, and social sentiment, all of which were cited as signs that demand has stayed subdued rather than recovering alongside reduced exchange supply.

At the same time, the report noted that exchange-held ETH has fallen to about 14.7 million from levels seen in mid-2025. That may indicate less coin supply is readily available for sale, but the article said demand remains the bigger issue for the market at this stage.

The same report added that other Ethereum-related funds, including products tied to Zec and Solana, also experienced withdrawals, while US spot Bitcoin ETFs moved in the opposite direction and posted $118.9 million in net inflows.

Levels in focus and the next data point

In terms of market structure, the source highlighted support around the $2,547 to $2,565 range. If that area fails to hold, the article said a deeper downside move toward roughly $2,190 could come into view. On the upside, resistance was identified near $2,760 to $2,800, an area ETH would need to reclaim to improve the near-term picture.

The next confirmed checkpoint is the following day's ETF flow data. The October 7 figures are expected to show whether the current outflow streak in US spot Ethereum ETFs continues or begins to stabilize.

Source: beincrypto.com