Key Takeaways:
Ethereum trades near $1,644, down 66.8% from its August 2025 all-time high of $4,946.Spot Ethereum ETFs recorded a single-week outflow of $241M, with BlackRock briefly reversing the trend.Ethereum’s DeFi TVL holds near $37B in June 2026, but ETH dominance has compressed to roughly 9%.Spot ethereum ETFs have added to the headwinds. One multi-week outflow streak saw funds shed approximately $241 million in a single week. A brief inflow of $19 million, led by Blackrock, broke a 17-day outflow run but provided only temporary relief. One converted fund logged roughly $3 billion in redemptions following its ETF conversion, reflecting pent-up selling pressure that had built ahead of the product launch.
Upgrade Trade-offs The Bull Case Remains Intact
