Ethereum’s spot ETF has been experiencing consecutive outflows despite the cryptocurrency's price gains, indicating possible profit-taking by investors. Recent data, including from Sosovalue, shows that the Ethereum ETF faced outflows for the second consecutive day on September 12, even as Ethereum's price ended positively. Other US-based ETFs showed no net flow, except for Grayscale, which recorded a significant outflow. Despite these outflows, the overall net asset value of the Ethereum ETF remains substantial at $6.45 billion. The price of Ethereum itself has been fluctuating, closing the last session with a slight increase but has since seen a minor decline. The resistance level around $2,500 continues to be a significant barrier for price growth. Meanwhile, the number of Ethereum holders is on the rise, suggesting ongoing interest and investment in Ethereum despite market fluctuations.