Ethereum ETFs Lose $19.4M as ETH Struggles Near $3,000

Ethereum ETF data: SoSo Value

Fidelity‘s FETH saw $6.14 million in outflows on December 12. Grayscale’s legacy ETHE fund recorded $14.42 million in redemptions, while Grayscales mini ETH trust posted $22.10 million in withdrawals.

Bitwise‘s ETHW, VanEck’s ETHV, Franklin‘s EZET, 21Shares’ TETH, and Invescos QETH all posted zero flow activity.

BlackRocks ETHA remains the largest ETH ETF with $13.23 billion in cumulative net inflows.

Grayscale‘s ETHE holds -$5.02 billion in net outflows since converting from a trust structure. Fidelity’s FETH has accumulated $2.66 billion in total inflows.

Total net assets under management for Ethereum ETFs stood at $19.42 billion as of December 12. Cumulative total net inflow across all funds reached $13.09 billion. Total value traded hit $1.84 billion on December 12.

Analysts eye inverse head and shoulders ETH pattern

Donald Dean identified an inverse head and shoulders formation on Ethereums chart with a price target of $4,955.90. “Price recently launched higher from the volume shelf and is moving to the $3,300 volume shelf for a potential launch area,” Dean wrote on X.

The analyst pointed to the technical pattern suggesting bullish continuation after ETH completes the formation. The $4,955.90 target would be a roughly 57% gain from current levels.

$ETH $ETHUSD Ethereum – Inverse Head & Shoulders

Price Target: $4955.90

Price is trending to show a large inverse head & shoulders pattern. Price recently launched higher fomr the volume shelf and is moving to the $3300 volume shelf for a potential launch area.

The next target…

— Donald Dean (@donaldjdean) December 12, 2025

Ted highlighted liquidity clusters at key price levels. “Ethereum has a big liquidity cluster at the $3,000 level. On the upside, there are liquidity clusters at the $3,150 and $3,250 levels,” Ted posted on X.

The analyst suggested ETH could sweep downside liquidity at $3,000 before reversing higher, similar to Bitcoins recent price action. The $3,150 and $3,250 levels are near-term resistance zones where limit orders have accumulated.