Ethereum ETF Outflows Accelerate Amid Shift to AI Stocks

Ethereum (ETH) continues to face challenges due to accelerating outflows from spot exchange-traded funds (ETFs), which have reached $82.35 million on June 23, a new single-day record for the month.

This trend is part of a broader market phenomenon where investors are reducing their exposure to cryptocurrencies and redirecting capital towards AI-related stocks, which promise stronger short-term returns.

The current price level of $1,650 serves as critical support for Ethereum. A breakdown below this zone could lead to a retest of the recent low at $1,505.

Declining trading volumes and subdued activity during the consolidation phase suggest a lack of aggressive buyers and reinforce the view that the medium-term downtrend remains intact.