You need to watch it carefully. PETG has a lot of trouble with moisture. In practice, it has a lot of trouble with seams. When I print PETG, it is not a passive choice, but is instead built into the design. To be fair I pretty much design everything I ever print. I might prototype in PLA and then print in ABS, ASA, or Polycarbonate, but I will not swap to PETG. With PETG I am designing the orientation and features around seam placement from the very beginning to hide them in the middle of the back faces of a parts where they have 4-10mm to start and establish consistency. If I need a better seam in a tighter area, I make a small curved v-groove like the center inner spine of an open book. This feature can be extremely small so long as the mesh resolution can render it and the slicer also picks it up. The groove and curve will place the seam start and end on the inside of the wall just enough to make the ugliness isolated to a smaller area.

This may at first seem unrelated, but I suspect you might find a similar type of issue where starting seams are not attaching properly and causing a cascade of issues.

The actual underlying mechanism to the seam issue is that PETG is extremely sticky when molten. Moisture will sound like little popping sounds in the extruder and these can push out a tiny bit extra of filament. Even with dried filament, PETG will want to create strings on almost every passing surface that so much as looks at the nozzle the wrong way. When PETG goes stringy, it tends to pull more strongly on the melt zone than any other common filament. This tends to pull out more than the typical wisp of a string and instead pulls a slightly larger bit of the melt zone just outside of the tip. This deviation makes seams difficult to ground consistently.

If you try to just go hotter, you'll ooze more and the problem will be worse. If you try to z-hop higher, you'll likely find that the string from the last extrude is just as problematic. You might add more retraction, but you'll still have the previous issue of the last extruded wisp pulling on the melt zone. If you print in vase mode, the problem will disappear, but that is useless advice. PETG can be extremely consistent in performing badly at the seams. This makes it pretty good for print far production in cases like with Prusa. They can dial in every issue on a layer by layer level and achieve prefect and repeatable parts in PETG. I don't want to print 500 iterations of my design to dial in perfection, so I only use PETG when I can completely hide the seams in the design and create enough margin to avoid any external ugliness. PETG is awesome because it is the only common filament that will conform to the print plate texture with no visible layer lines. This feature is my primary reason for using PETG.

It is just a hunch, but I bet this is a seam issue.

Did you notice a difference in print speed when you slowed down? As this is a small print, it could already be as slow as it will be due to minimum layer times.

It could also be that the nozzle spends too much close to the print. What happens if you print 2 or 3 of them?

This is typically more of an issue with PC where you don’t have a part cooling fan running, but maybe it’s the case here too?

Ive had PETG sitting in my 40% humidity basement with no issues, I think thats a partial clog from retraction. If you have a direct drive try 1-2mm of retract, 3-4 for bowden. This will ooze more, but that's the tradeoff

It may be worth going a little hotter. I do 245° (250° if a steel nozzle) and 5° hotter for the first layer. Part cooling no more than 20% except for bridging. I dry it it 60° with plenty of hot air flow.

Have you cratered your tip recently? I was having lots of problems similar to yours that were solved when I put in a new tip

Have you dried it?

This looks like heat creep and/or clog. Check the hotend fan (not the part cooling one). If it starts happening after a while, it's either that or the nozzle has cooled too much. But if it happens with lower speed as well, then I wouldn't say it's that it's the latter. Try increasing the temperature. I'm printing mine at 270°C. Also I keep the bed at 70°C but that's not important. I've had issues like that with bad conducting nozzles (hardened/stainless steel) and thermistors not properly seated on the heat block. When this happens, pause the print, try feeding the filament by hand and see if there is any resistance (can you feel the clog). Try increasing the temperature, reduce the retraction distance to try and avoid it. I'm printing exclusively with petg for years now, never had issues like this due to moisture. You get more stringing, yes, but no failures on actual printing.