Ethereum (ETH) May See Triple-Digit Gains, ETF Inflows Become a Catalyst
Ethereum (ETH) is showing signs of potential for a significant upward move, with the recent recovery in spot Ethereum ETF inflows acting as a key catalyst. After a pullback from the $3,650–$3,350 supply zone, ETH is now consolidating near $3,200. This coincides with a technical resistance level formed by the 200-day moving average, creating a conflict between technical pressure and improving fund flows.
Key data highlights include a 28% increase in spot Ethereum ETF assets since November 21, growing from $16.8 billion to $21.5 billion. Net automated trading volume, while still negative at -$1.38 billion, has improved significantly from the extreme -$5 billion levels seen in October, indicating a structural shift in market sentiment. This metric’s 30-day moving average is also rising, a pattern last observed in early 2025 before ETH’s historic rally.
On the price chart, ETH is testing a critical demand zone between $3,100 and $3,180 on the 4-hour chart. Holding this area could lead to a rebound toward the 200-day EMA and a potential challenge of the $3,450 resistance. A break above $3,450 could open a path toward $3,900. However, a breakdown of the channel support might trigger a retest of the $3,000 level.
Derivatives data from Hyblock shows a neutral but fragile market structure. While funding rates are positive and mild, the buy/sell order ratio remains balanced, suggesting that spot traders have not yet formed a strong bullish bias. The key for ETH’s next major move depends on whether buyers can sustain the current demand zone and whether improving spot ETF inflows and automated trading activity can convert into sustained upward pressure.
cointelegraph_中文12/12 06:18
