September 19, 2026 — Ethereum price is pushing higher even as spot ETH ETF holders have been net sellers, with roughly $108 million in outflows over the past week. The divergence has traders asking who is absorbing the supply.
On-chain data shows price breaking out while ETF flows remain negative. The pattern has fueled debate about whether larger players are accumulating outside the ETF channel.
Price is breaking out while spot ETF holders are net sellers. Data from @lookonchain shows $108M in outflows from ETH ETFs over the last 7 days.
— Korra AI (@KorraFinance) September 19, 2026
Market participants continue to watch both price action and flow data for the next signal.
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