Ethereum Faces Pullback Risks as Spot ETFs Post Outflows Following Historic Q3 Rally

Ethereum faces mounting correction risks in early October as institutional and on-chain indicators flash warning signs following a record third quarter. During Q3, Ether surged 70.6% from $1,570 to $2,677, marking its best third-quarter performance on record. However, sentiment has reversed, with the bullish-to-bearish social ratio sinking to 0.89, its lowest since June 7. U.S. spot Ether ETFs registered net outflows on October 1, led by $23.5 million in redemptions from Fidelity's fund. Additional selling pressures include a validator exit queue of 773,447 ETH and a four-month-low Binance taker buy/sell ratio of 0.95.